November Import Prices Drop 0.9%

A release from the U.S. Department of Labor Wednesday showed American import prices dropped by 0.9% in November, the largest decrease since June, exceeding economist estimates of a 0.5% drop. Export prices also sank at a five-month high, falling 0.7% for the month. Over the past year, import prices have dropped 1.6% while export prices have risen 0.7%.

The declining price of fuel particularly hit imports in November: Fuel import prices fell 3% for the month, while the price of all non-fuel imports declined by just 0.2%. It's part of a year-long trend for fuel, as the import has seen prices shrink by 7% between November 2011 and 2012 after rising more than 32% over the prior year.

On the export side, agricultural exports have surged even as the prices of all other exports have remained mostly flat over the past year; agricultural good prices are up 10% over that time.


Read/Post Comments (0) | Recommend This Article (0)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2150219, ~/Articles/ArticleHandler.aspx, 10/1/2016 10:08:57 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 12 hours ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes