By John S. McClenahen Higher prices for natural gas, metals and chemicals raised the U.S. Labor Department's import price index a modest 0.2% in November, following a 1.6% increase in October, the largest so far this year. Notably, prices for ...
ByJohn S. McClenahen Higher prices for natural gas, metals and chemicals raised the U.S. Labor Department's import price index a modest 0.2% in November, following a 1.6% increase in October, the largest so far this year. Notably, prices for petroleum imports fell 2.6% last month after increasing a whopping 28.1% during the previous four months. On the other side of the trade ledger, higher export prices for metals, chemicals and other non-agricultural products helped boost the U.S. export price index by 0.3% in November. Prices for agricultural exports fell 0.1% in November, their fifth decline during the last six months.
