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Tags: import | economy | prices | trade

Import Prices Flat as Oil Prices Fall

Tuesday, 14 January 2014 08:57 AM EST

U.S. import prices were unexpectedly flat in December as the cost of petroleum fell marginally, still showing no signs of imported inflation pressures.

November's import prices were revised to show a 0.9 percent decline rather than the previously reported 0.6 percent, the Labor Department said on Tuesday.

Economists polled by Reuters had forecast import prices rising 0.3 percent in December. In the 12 months through December, import prices fell 1.3 percent.

Import prices excluding petroleum were also flat in December after edging up 0.1 percent in November. Compared to December last year, they were down 1.3 percent.

The Labor Department report also showed export prices rose 0.4 percent in December after inching up 0.1 percent in November.

© 2024 Thomson/Reuters. All rights reserved.


Economy
U.S. import prices were unexpectedly flat in December as the cost of petroleum fell marginally, still showing no signs of imported inflation pressures.
import,economy,prices,trade
117
2014-57-14
Tuesday, 14 January 2014 08:57 AM
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