Import prices in the United States rose in August, boosted primarily by higher prices for imported petroleum,
the Labor Department reported Thursday.
Data provided by Reuters showed that import prices rose by 0.3% last month, after gaining 0.4% in July. Excluding petroleum, import prices edged up 0.1%. The rise in import prices was in line with Wall Street expectations for a 0.3% increase.
The trucking industry plays a major role in the movement of international trade shipments.
Over the past six months, import prices have risen five times, due primarily to petroleum, which has advanced 51.8% since December.
Prices for imported automobiles were unchanged in August, after being unchanged in July. Export prices inched up 0.1% in August, after gaining 0.3% in July.
the Labor Department reported Thursday.
Data provided by Reuters showed that import prices rose by 0.3% last month, after gaining 0.4% in July. Excluding petroleum, import prices edged up 0.1%. The rise in import prices was in line with Wall Street expectations for a 0.3% increase.
The trucking industry plays a major role in the movement of international trade shipments.
Over the past six months, import prices have risen five times, due primarily to petroleum, which has advanced 51.8% since December.
Prices for imported automobiles were unchanged in August, after being unchanged in July. Export prices inched up 0.1% in August, after gaining 0.3% in July.
Read more about
Economy
media brand
0 Comments
See all comments