Import Prices Jump 0.9% in February
The price of goods imported to the United States rose in February on higher fuel costs, after a gain the prior month, the Labor Department reported March. 13.
February’s 0.9% gain was the third consecutive rise and followed a 0.4% increase in January. The cost of imported goods minus fuel declined 0.2% last month after a 0.3% rise in January.
U.S. export prices increased 0.6% after a 0.2% rise in January.
Companies may have a difficult time passing on increased costs of imported goods to customers as domestic demand struggles to accelerate, Bloomberg News reported.
