Share Prices & Company Research

Market News

18 Feb 2021 | 14:30

US import prices jump past forecasts in January

(Sharecast News) - Import prices jumped past forecasts at the start of 2021, led by rising energy prices. According to the Department of Labor, US import prices increased at a month-on-month pace of 1.4% (Barclays: 0.8%).

Energy prices drove the increase, rising at a 8.1% clip on the month, alongside a 0.4% rise in food inflation.

Year-on-year, import prices were ahead by 0.9% (Barclays: 0.3%).

Export prices also headed higher last month, jumping by 2.5% in comparison to December with those for agricultural exports bounding up by 6.0% and those for non-agricultural sales overseas strengthening by 2.2%.

In comparison to a year earlier, export prices were 2.3% higher.

Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.