Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Import Prices Up 0.4 Percent, as Expected
Mar 12, 2004
 Printable format
 Email this Article
 Search

The price of goods imported into the United States rose an expected 0.4 percent last month as the cost of imported foods shot up, a government report shows.

It was the fifth consecutive monthly rise in import prices and followed a hefty revised jump of 1.5 percent in January, the U.S. Labor Department said. January's rise was initially reported as 1.3 percent.

The cost of petroleum imports edged up just 0.2 percent, after an outsized 8.2-percent gain a month earlier, while non-petroleum import prices climbed 0.4 percent, the fourth straight monthly advance.

The February increase in import prices matched expectations on Wall Street, the United States' hub for financial activity.

Imported food costs rose 1.6 percent, and the price of industrial supplies and materials gained 0.9 percent.

Elsewhere, import prices were little changed. Capital goods prices were flat, as were non-auto consumer goods. Auto prices were up just 0.1 percent.

A 2-year slide in the value of the dollar has helped push U.S. import prices up, but only modestly, limiting the upward pressure on inflation.

Officials at the U.S. Federal Reserve said the slide in the dollar appeared to have had only muted impact on import prices because foreign producers were willing to forego some profits to maintain market share.

During the last 12 months, non-petroleum import prices have risen 1.8 percent. This is compared to a record drop of 5.4 percent in the 12-month period ended in January 2002.

The department said export prices rose 0.6 percent last month, both overall and when agricultural exports were stripped out. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

Jul 25, 2014: Whirlpool Refrigerator is First Commercial Application of Polyurethane Insulation Using HFO Blowing Agent

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows