Cheap Fuel Helps Push Import Prices Down 0.7% for October

Export prices were down and import prices were down even more for October, according to a Labor Department report (link opens as PDF) released today.

Import prices fell 0.7% after increasing a revised 0.1% in September. Analysts had expected a slightly subtler 0.5% dip. This report marks the first import price decrease since June, but the decline is due exclusively to cheaper fuel. Import fuel prices fell 3.4%, while non-fuel import prices remained steady.

Source: Labor Department. 

After increasing a revised 0.4% in September, export prices erased their gains with a 0.5% decrease, missing analysts' expectations of a 0.2% increase. Although a 1.5% decline in agricultural prices played a role in the overall decrease, prices for nonagricultural exports also fell 0.4%.

Source: Labor Department. 

On a regional basis, import prices from Japan fell 0.2%, putting Japanese prices at their largest year-long drop (3.2%) since June 2002. China import prices decreased 0.1%, while EU import prices managed a 0.5% increase.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

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: 2728612, ~/Articles/ArticleHandler.aspx, 9/23/2014 4:33:33 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...


Advertisement