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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