U.S. import prices surge 0.7% in September

• October 17, 2017
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance

The cost of imported goods jumped 0.7% in September in the biggest gain in more than a year, led by fuel prices and industrial supplies. Excluding fuel, import prices rose a smaller 0.3%. Over the past 12 months the import price index has risen 2.7%, up from 2.1% in the prior month, the government said Tuesday. That’s still well below a recent high of 4.7% in February. Export prices rose 0.8% last month.