Import Prices Up One Tick In September
October 14, 2011 by UPI - United Press International, Inc.
WASHINGTON, Oct. 14 (UPI) — U.S. import prices rose 0.3 percent in September after falling 0.4 percent in the previous month, the Department of Labor said Friday.
Prices for fuel imports edged up 0.1 percent after dropping 1.8 percent in August and falling in three of the past five months. Non-fuel import prices in September rose 0.2 percent, consistent with the previous two months.
Import prices overall have dropped in three of the past four months, which helps the U.S. Federal Reserve meet its target of keeping annual inflation below 2 percent.
Export prices for September rose 0.4 percent after falling 0.3 percent in July and rising 0.5 percent in August.
Agricultural export prices rose 1.6 percent and non-agricultural export prices rose 0.3 percent in the month, the department said.
Export prices rose 0.2 percent May to June and fell 0.4 percent in June to July.