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- US import prices rose in January, exports almost flat
US import prices rose in January, exports almost flat
U.S. import prices advanced 0.4 percent in January, the U.S. Bureau of Labor Statistics reported today, following a 0.5-percent increase in December. For both months, a rise in fuel prices more than offset declining nonfuel prices. Prices for U.S. exports advanced 0.1 percent in January, after rising 0.4 percent the previous month.
Export prices ticked up 0.1 percent in January, following a 0.4-percent increase in December. Rising prices for nonagricultural exports more than offset falling agricultural prices in each of the 2 months. With the exception of a 0.8-percent drop in August 2016, export prices have trended up since April 2016 and rose 2.3 percent for the year ended in January. The 2.3-percent rise was the largest 12-month advance since the index increased 2.6 percent between January 2011 and January 2012.
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