(CercleFinance.com) – Import prices in the United States increased in January after three months of decline, supported by the recovery in the costs of petroleum products, but imported inflation remained as low as ever.
Import prices rose 0.8% last month after falling 0.7% in December, 0.5% in November and 0.6% in October, the Commerce Department said Thursday. .
The prices of imported petroleum products increased by 1.2% in January after declines of respectively 7.7% in December, 6.3% in November and 3.9% in October.
Excluding petroleum products, import prices increased by 0.8%, but fell by 0.3% over one year.
Export prices also started to rise again in January, with a rebound of 0.8% following a decline of 0.7% the previous month.
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