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

CNN: Doctor Took Selfie During Joan Rivers' Biopsy

Wednesday, 17 Sep 2014 08:08 AM

The doctor who performed the unauthorized biopsy of comedienne Joan Rivers' vocal chords - which ultimately led to cardi . . .

John Boehner: I'm Saddled with 'Knuckleheads'

Wednesday, 17 Sep 2014 07:52 AM

House Speaker John Boehner characterized the Republican majority in his chamber as unreliable. On any given day,"16 of m . . .

Human Rights Monitor: Recruits to ISIS Grow After Obama Speech

Wednesday, 17 Sep 2014 07:45 AM

Islamic State has won new recruits in Syria since President Barack Obama signalled last week that air strikes against th . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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