April 13, 2010
Import Prices Up On Fuel Costs
By Matthew L. Brown
The Import Price Index rose 0.7 percent in March, according to the U.S. Bureau of Labor Statistics.
The increase followed a 0.2 percent decline in February. Export prices also rose 0.7 percent in March after declining 0.4 percent the previous month.
The March increase was largely driven by a turnaround in fuel prices, which accounted for approximately 80 percent of the increase.
Import prices advanced 11.4 percent for the year ended in March after decreasing 14.9 percent between March 2008 and last month.
Higher non-agricultural prices accounted for approximately 75 percent of the overall increase in export prices.
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