U.S. Import Prices Rose In February


U.S. Import Prices Rose In February

Prices of goods imported into the U.S. moved up in February, the Labor Department said Thursday.

Import prices rose 0.6% in February from the prior month. Unlike other price measures produced by the government, import prices are not seasonally adjusted. Economists surveyed by The Wall Street Journal had expected a 0.4% increase from January.

From a year earlier, import prices were down 1.3%.

Much of the recent movement in import prices is due to volatile fuel prices, which rose 4.9% in February from the previous month but which are still down 6.5% on the year. Petroleum prices fell 7.9% from a year ago but were partly offset by natural gas prices, which rose 17.5%.

Nonfuel import prices were unchanged in February from January and are down 0.6% over the past year, the largest decline since September 2016.

Import prices reflect costs before tariffs are applied.

Thursday’s report showed export prices rose 0.6% in February, and were up 0.3% from a year earlier.


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