"Prices for U.S. imports increased 0.5 percent in September after declining 0.4 percent in August and 0.1 percent in July," the U.S. Bureau of Labor Statistics announced on Friday.
Key takeaways from the press release
- The September advance was led by higher fuel prices.
- U.S. export prices recorded no change in September following declines of 0.2 percent and 0.5 percent the previous 2 months.
- Prices for nonfuel imports recorded no change in September, after a 0.2-percent decline in August.
- The price index for nonfuel imports increased 0.6 percent over the past 12 months.
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