Oil Prices Rally, Make Imports More Expensive
Investing News Network - January 12th, 2011
Forbes reports that U.S. import prices increased 1.1% in December, just below the 1.2% expected.
Forbes reports that U.S. import prices increased 1.1% in December, just below the 1.2% expected.
The market news is quoted as saying:
The Labor Department revised November’s import increase to 1.5% and reported that import prices gained 4.8% overall in 2010, instigated by higher fuel prices since October.