Advertisement
U.S. Import Prices Rise Less Than Expected, But Export Prices Surge Much More Than Expected
(RTTNews) - While the Labor Department released a report on Friday showing U.S. import prices increased by slightly less than expected in the month of January, the report also showed U.S. export prices surged by much more than anticipated.
The Labor Department said import prices rose by 0.3 percent in January after inching up by an upwardly revised 0.2 percent in December.
Economists had expected import prices to climb by 0.4 percent compared to the 0.1 percent uptick originally reported for the previous month.
Meanwhile, the report said export prices shot up by 1.3 percent in January after climbing by an upwardly revised 0.5 percent in December.
Economists had expected export prices to rise by 0.3 percent, matching the increase originally reported for the previous month.
U.S. Job Growth Slightly Exceeds Estimates In May
U.S. Employment Jumps Slightly More Than Expected In May
U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated
U.S. Trade Deficit Narrows Substantially In April As Imports Plummet
U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High
U.S. Labor Productivity Slumps Much More Than Previously Estimated In Q1
U.S. Trade Deficit Narrows Much More Than Expected In April
