Cheaper oil pushes down U.S. import prices 0.5 pct.
WASHINGTON — Prices paid by U.S. importers fell last month after two straight increases, driven down by cheaper oil. Falling import prices helps keep inflation in check.
The Labor Department says import prices dropped 0.5 percent in March after a 0.6 percent gain the previous month. The cost of fuel imports declined 1.9 percent. Excluding fuel, import costs fell 0.2 percent.
Import prices have fallen 2.7 percent in the 12 months ending in March. They haven't recorded a year-over-year increase since last April.
Export prices also declined in March from February. They fell 0.4 percent, pushed down by cheaper agricultural goods. In the past year, export prices have increased 0.3 percent, pushed up by an 8.8 percent increase in farm goods prices.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close