U.S. import prices climb 3% in 2017 – biggest increase in six years

• January 10, 2018
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance

After a big oil-inspired increase in November, import prices rose a scant 0.1% in the final month of 2017. Minus energy import prices fell 0.1%

For the full year, import prices rose 3% to mark the biggest increase since 2011.

Although that’s much higher than the 1.9% gain in 2016, it still reflects a generally low level of inflation.

Export prices fell 0.1% in December, the government said.