December 11, 2009
Import Prices Climb 1.7%
By Matthew L. Brown
The U.S. Import Price Index increased by 1.7 percent as fuel prices increased by 7.3 percent in November, according to the U.S. Bureau of Labor Statistics.
The increase followed a 0.8 percent advance in October.
Export prices rose 0.8 percent in November after a 0.2 percent increase the previous month.
The 1.7 percent increase in import prices in November continued a trend that has seen prices rise in eight of the past nine months. Over that period, prices have increased 10.1 percent.
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