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4/11/2012 9:00:00 AM Write a Letter to the Editor Write a letter to the Editor

Import Prices Jump 1.3% in March


Larry Smith/Trans Pixs

The price of goods imported to the United States rose 1.3% last month, reflecting higher fuel costs, the Labor Department reported Wednesday.

The increase followed a revised 0.1% dip in February that had originally been reported as a 0.4% gain.

The gain topped economists’ forecasts of a 0.8% increase, Bloomberg reported.

Prices excluding petroleum rose 0.5%, the most in almost a year. Petroleum and refined products jumped 4.3%, the most since April 2011.

Imported food costs rose 1.8%, while automobiles and parts rose 0.3%.

 

U.S. export prices rose 0.8%, following a 0.4% gain in February, Labor said.

By Transport Topics

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