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

Obama, Netanyahu to Meet as Iran Deadline Looms

Wednesday, 01 Oct 2014 06:30 AM

President Barack Obama and Israeli Prime Minister Benjamin Netanyahu will meet for the first time since a rash of civili . . .

Obama Seeks Traction on Economy Amid Foreign Tests

Wednesday, 01 Oct 2014 06:26 AM

President Barack Obama's escalating military campaign in Iraq and Syria has drowned out the economic pitch he hoped woul . . .

Supreme Court Could Reject Gay Marriage Cases

Wednesday, 01 Oct 2014 06:22 AM

The fastest and surest path to marriage for same-sex couples in some parts of the United States would be for the Supreme . . .

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