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US Import price index jumps 0.5% on imported fuel costs … MARKETWATCH October 12, 2018 at 01:44PM

US Import price index jumps 0.5% on imported fuel costs … MARKETWATCH

 

US Import price index jumps 0.5% in September on imported fuel costs

By Greg Robb

Excluding energy, import prices were flat

The numbers: The cost of goods imported into the U.S. rose in September for the first time in four months.

The import price index rose 0.5% last month, driven up by higher cost of imported fuel, the government said Friday.

This was above the Wall Street expectations of a 0.2% increase, according to Econoday.

If fuel is excluded, import prices rose were flat.

What happened: Petroleum-import prices grew 4.1% in September.

The costs of imports over the past 12 months slowed to 3.5% in September from 3.8% in the prior month.

Read More: US Import price index jumps 0.5% on imported fuel costs … MARKETWATCH

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