September 15, 2010
Import And Export Prices Both Rise
By Brandon Butler
Import prices rose 0.6 percent in August, while export prices rose 0.8 percent, according to the U.S. Bureau of Labor Statistics.
The import price increase compares to just a 0.1 percent increase from the previous month. More than half of the increase is attributable to fuel prices, which rose 1.7 percent. The annual import increase was 4.1 percent, the smallest year-over-year increase since November 2009.
Exports, meanwhile, rose 0.8 percent, reversing two months of declines. August's figure marked the largest increase in export prices since a 1.1 percent gain in April.
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