Import Prices in U.S. Rise 1.5%, Led by Fuels, Food
This article is for subscribers only.
The cost of goods imported into the U.S. rose more than forecast in January, boosted by higher prices for commodities such as fuels and food.
The 1.5 percent increase in the import-price index followed a revised 1.2 percent gain in December, Labor Department figures showed today in Washington. Economists projected a 0.8 percent increase for January, according to the median estimate in a Bloomberg News survey. Excluding food and fuel, import prices climbed 0.6 percent.