Oil Prices Rally, Make Imports More Expensive

- 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.

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