U.S. import prices leap 0.7% in November on higher fuel costs

• December 14, 2017
• realestate
• Announcements, Business & Markets, Real Estate, Real Estate Finance

The U.S. import price index jumped 0.7% in November, once again spurred by rising oil prices. Excluding fuel, import prices were unchanged, the government said Thursday. The increase in import prices over the past 12 months rose to 3.1% from 2.3%. If fuel is omitted, the increase in import prices over the past year was a scant 1.4%. Higher import prices add to picture of slowly rising inflation in the U.S., though much of the gain lately has been driven by fuel. Earlier this week a pair of measures for consumer and wholesale prices also rose.
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