Prices On Imports Rise By 0.2% In February
March 13, 2008
February saw the price of imported goods into the U.S. rise by 0.2%; which, according to the Labor Department, is due largely to the price of imported petroleum taking its second decline in three months.
The price on imported petroleum fell 1.5% and exports out of the U.S. saw an increase in price of 0.9% in February, most of which is based on the U.S.’ agricultural exports which saw an individual export price increase of 4.4% from last month and 30.8% from this time last year.