Friday, January 12, 2007

Forex News: 12.01.2007 U.S. Dec. import prices rise 1.1%

Prices of goods imported into the United States climbed by 1.1% in December, led by big increases in the prices of imported petroleum and natural gas.

The December data follows a revised 0.5% gain in November and suggests some inflationary pressure from abroad. Imported petroleum prices rose by 4.8%, their biggest increase in seven months. Imported natural gas prices climbed by 10.1% in December.

Economists were expecting import prices to climb by 0.8% in December. Year-over-year, import prices have climbed 2.5%.

U.S. export prices increased in December by 0.7%


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