More Expensive Natural Gas Contributes to Import Price Increase

Import and export prices were both up for March, according to a Labor Department report (link opens as PDF) released today.

Import prices increased 0.6% for March after a 0.9% hike in February. Analysts had expected just 0.2% price growth. More expensive fuel (up 1.2% due primarily to a 21.7% jump in natural gas prices) played a part in the price increase, but so did nonfuel prices, up 0.3%. Despite the rise, import prices are still 0.6% below March 2013 levels.

Source: Labor Department. 

While natural gas helped push import prices up, export prices made a relatively larger percentage gain, up 0.8%. After February's revised 0.7% increase, analyst had expected a smaller 0.3% price bump. Boosts in soybean, wheat, meat, and corn prices all helped push agricultural export prices up 2.7% for March. Nonagricultural exports edged up 0.5%, with gains recorded for industrial supplies and materials, capital goods, and consumer goods. 

Source: Labor Department 

On a regional basis, import prices from Japan and the European Union edged up 0.1%, while China imports fell 0.1% in price.

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

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: 2910358, ~/Articles/ArticleHandler.aspx, 9/1/2015 10:20:05 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...

Justin Loiseau

Energy and Macroeconomic Specialist keeping investors up to date with macro news, utilities, and good companies doing good things.

Today's Market

updated Moments ago Sponsored by:
DOW 16,140.89 -387.14 -2.34%
S&P 500 1,928.85 -43.33 -2.20%
NASD 4,687.71 -88.80 -1.86%

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