Tags: imports

U.S. Import Price Rise Biggest in 26 Years

Wednesday, 13 Aug 2008 09:02 AM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON -- U.S. import prices climbed a bigger-than-expected 1.7 percent in July, capping a 21.6 percent gain over the past 12 months that was the largest in the past 26 years, a Labor Department report showed on Wednesday.

Import prices for petroleum products, including crude oil, rose 4.0 percent in July and were up 79.2 percent over the past 12 months.

Economists polled ahead of the report were expecting overall import prices to rise 1.0 percent in July, when oil prices set a record above $147 per barrel. Since then, oil has fallen sharply and a big U.S. corn crop has pushed farm commodity prices lower.

Import prices for non-petroleum products increased 0.9 percent in July and 8.0 percent over the past 12 months, the largest such gain since the period between June 1987 and June 1988.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Reagan Astrologer, Joan Quigley, Dies at 87

Saturday, 25 Oct 2014 00:11 AM

Joan Quigley, the astrologer who helped determine President Ronald Reagan's schedule and claimed to have convinced him t . . .

Mali's First Ebola Case, A 2-Year-Old Girl, Dies

Friday, 24 Oct 2014 23:08 PM

A two-year-old girl who was Mali's first case of Ebola died on Friday, shortly after the World Health Organization warne . . .

US General: North Korea Closer to Building Nuclear Weapon

Friday, 24 Oct 2014 22:53 PM

Gen. Curtis Scaparrotti, commander of U.S. forces on the Korean Peninsula, said Friday that North Korea is moving closer . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved