facebook
twitter
search
search

Import prices dropped in November

Dec. 12, 2012 at 11:59 AM

WASHINGTON, Dec. 12 (UPI) -- U.S. import prices fell 0.9 percent in November, with declines pushed by lower fuel costs, the Labor Department said Wednesday.

Export prices fell 0.7 percent in the month with a decline in non-agricultural exports down 0.4 percent and the price of agricultural exports up 0.1 percent.

On a 12-month basis, import prices were down 1.6 percent in November, while export prices from November 2011 were up 0.7 percent.

Over 12 months, agricultural export prices have jumped 10 percent, while non-agricultural export prices have dropped 0.4 percent.

Fuel prices over 12 months are down 7 percent, a contrast to the previous 12 months in which imported fuel costs were up 32.4 percent, the department said.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
North Dakota refinery completed
Optimism wins; crude oil recovers
SCOTUS says no to Gulf of Mexico spill appeals
First U.S.-made Kalashnikov AK-47s now being sold
China starts work on Russian gas pipeline