• İstanbul 1 °C
  • Ankara -7 °C

US import, export prices continue rising in November

US import, export prices continue rising in November
Imports price index posts largest annual increase since 2011, exports show highest gain since 1984

By Ovunc Kutlu

ANKARA (AA) - Import and export prices in the US continued to increase in November, according to data released Wednesday by the Labor Department.

Import prices rose 0.7%, coming in line with market estimates. The increase in October was revised to 1.5%, from 1.2%.

The price index for imports rose 11.7% in the last 12 months -- the largest annual increase since September 2011.

"In November, both higher fuel and nonfuel prices contributed to the advance," the agency said in a statement.

Export prices rose 1%, higher than the market estimate of 0.5%. The increase in October was revised to 1.6%, from 1.5%.

The price index for exports jumped 18.2% in the past 12 months -- the largest annual increase since the series was first published in September 1984.

"The November advance was driven by higher prices for wheat, fruit, cotton, and corn which more than offset lower nut and soybean prices," the statement said.



source: News Feed
This news is a total 28 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim