The latest report from the US Bureau of Labor Statistics states that the import price index for glass and glassware was at 129.3 for the month of January, an increase of 0.7% from 126.9 in December 2012.
According to the latest report from the US Bureau of Labor Statistics, the import price index for glass and glassware was at 129.3 for the month of January, up 0.7% from 126.9 in December 2012.
Export prices, however, dropped 1.5% – down from an index of 141.0 to 140.6.
Glass and glassware includes float glass, safety glass, lab glass and a range of other glass products, according to information from the International Price Program office in Washington, D.C.
The latest import/export price report runs side by side with news that some suppliers are raising prices, including Trulite, which announced price increases ranging from 3-11% on its products. “Rising material and operating costs are cited as the reasons for the increase,” according to Ben Thomas, vice president of supply chain for Trulite.
“While we are continually implementing cost mitigation and productivity improvement projects, Trulite [has] continue[d] to experience increases in materials, packaging supplies and operational costs over the past year. As a result, we are forced to make adjustments to our list prices to partially offset these negative impacts,” adds Thomas.