U.S. Import Prices Post Largest Gain In Nine Months

www.oann.com | 7/16/2018 | Staff
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WASHINGTON, (Reuters) – U.S. import prices increased by the most in nine months in February, but the trend remained weak, with prices declining for a third straight month on an annual basis.

The Labor Department said on Thursday import prices rose 0.6 percent last month, the biggest gain since May, boosted by increases in the costs of fuels and consumer goods. Data for January was revised higher to show import prices edging up 0.1 percent instead of falling 0.5 percent as previously reported.

Economists - Reuters - Import - Prices - Percent

Economists polled by Reuters had forecast import prices rising 0.3 percent in February.

In the 12 months through February, import prices fell 1.3 percent. That followed a 1.6 percent decline in January.

Report - Heels - Data - Producer - Consumer

The report came on the heels of data showing tame producer and consumer inflation readings in February. The jump in the monthly import prices probably does not change economists’ expectations that inflation will remain moderate through the first half of 2019, and allow the Federal...
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