Wednesday, March 14, 2012


IWS Documented News Service


Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau





[full-text, 16 pages]


Supplemental Files Table of Contents



U.S. import prices increased 0.4 percent in February, the U.S. Bureau of Labor Statistics reported today, as

higher fuel prices more than offset declining nonfuel prices. The price index for imports was unchanged in

the two previous months. U.S. export prices also rose 0.4 percent in February after a 0.2 percent advance in






All Imports: The 0.4 percent February increase marked only the second time that import prices have

recorded a monthly advance greater than 0.1 percent since the index rose 2.6 percent in April 2011. Prices

for overall imports increased 5.5 percent over the past 12 months, the smallest year-over-year rise since the

index advanced 5.3 percent between December 2009 and December 2010.    


Fuel Imports: The price index for import fuel increased 1.4 percent in February after remaining unchanged

in January and falling 0.5 percent in December. Fuel prices advanced 15.2 percent for the year ended in

February. Both the monthly and 12-month rise in fuel prices were driven by higher petroleum prices which

advanced 1.8 percent in February and 18.4 percent over the past 12 months. In contrast, natural gas prices

fell for the third consecutive month, declining a further 10.1 percent in February after recording decreases of

6.8 percent and 4.0 percent the two previous months. Prices for natural gas fell 36.5 percent over the past

year, the largest 12-month drop in the index since a 49.1 percent decrease in October 2009.    


All Imports Excluding Fuel: Nonfuel import prices edged down 0.1 percent in February after ticking up

0.1 percent in January. In February, a 3.0 percent drop in food prices and a 0.1 percent decline in capital

goods prices more than offset higher prices for nonfuel industrial supplies and materials. The price index for

nonfuel imports rose 2.3 percent for the year ended in February.


AND MUCH MORE...including TABLES....





This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.


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