Wednesday, March 14, 2012
[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES FEBRUARY 2012 [14 March 2012]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
U.S. IMPORT AND EXPORT PRICE INDEXES FEBRUARY 2012 [14 March 2012]
[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....
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