Black Friday Sale! Save huge on InvestingProGet up to 60% off

U.S. import prices rise 0.7 pct in October

Published 11/13/2009, 08:36 AM
Updated 11/13/2009, 08:39 AM

WASHINGTON, Nov 13 (Reuters) - U.S. import prices rose for the third straight month in October, pushed up by a jump in the cost of fuel imports and the depreciating dollar, a government report showed on Friday.

The Labor Department said import prices advanced 0.7 percent after a revised 0.2 percent increase in September that was previously reported as a 0.1 percent gain. However, the increase in import prices was below market expectations for a 1.0 percent rise.

The price of fuel imports jumped 1.8 percent after declining 1.5 percent in September, while the cost of non-fuel imports rose 0.4 percent last month, reflecting the U.S. dollar's sharp depreciation. (Reporting by Lucia Mutikani; Editing by Chizu Nomiyama)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.