U.S. Import Prices Unchanged in January

Date : 14/02/2020 @ 14:00
Source : Dow Jones News

U.S. Import Prices Unchanged in January

   By Amara Omeokwe 

WASHINGTON--Prices for foreign-made goods imported to the U.S. were unchanged in January, the Labor Department reported Friday. Here are takeaways from the report:

--Import prices held steady in January from December. Economists surveyed by The Wall Street Journal expected a 0.2% decline. The data are not adjusted for seasonality and exclude any taxes, such as tariffs.

--Prices for petroleum imports decreased 1.7% in January from the previous month, while prices for non-petroleum imports rose 0.2%.

--Compared with January 2019, import prices for all goods were up 0.3%. Import prices in December were revised to up 0.2% from the previous estimate of a 0.3% increase.

--Export prices were up 0.7% in January from December and increased 0.5% from January last year.


(END) Dow Jones Newswires

February 14, 2020 08:45 ET (13:45 GMT)

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