US import prices edge past forecasts in January

14 February 2020

(Sharecast News) - Dearer fuel imports kept the cost of foreign goods in the US from falling at the start of 2019.
According to the <em>Department of Labor</em>, the US import price index was flat month-on-month in January (consensus: -0.2%), as fuel import prices jumped 1.7% alongside a 0.2% increase in those for non-fuel imports.

Versus a year ago import prices were also little changedm, having risen by 0.3%.

Export prices meanwhile jumped by 0.7% when compared against December, led by a 2.0% rise in those of agricultural products while the cost of non-agricultural goods increased by 0.7%.