November 9, 2007
Import Prices 1.8 Percent Higher In October
By Matthew L. Brown
According to the U.S. Department of Labor, the U.S. Import Price Index advanced 1.8 percent in October.
The increase was led by a 6.9 percent increase in petroleum prices. The October increase followed a 0.8 percent increase in September. Prices for U.S. exports rose 0.9 percent in October after a 0.3 percent increase the previous month.
The increase was led by a 6.9 percent increase in petroleum prices. The October increase followed a 0.8 percent increase in September. Prices for U.S. exports rose 0.9 percent in October after a 0.3 percent increase the previous month.
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