MW Import prices rise 0.1% on higher fuel costs, while export prices jump 0.3% September
Prices of imported goods rose 0.1% in September as fuel costs picked up, the Labor Department said Thursday. Export prices increased 0.3%.
Economists surveyed by EconoDay had forecast 0.1% increases for both measurements in September.
Prices are still down on compared to a year ago, but the 1.1% annual decline in import prices is much more narrow than it has been. Export prices stood 1.5% lower than in September 2015.
As price firm, inflation moves closer to the Federal Reserve’s 2% target.
