US import prices unexpectedly rose in November, driven by increases in fuel imports.

US import prices unexpectedly rose by 0.1% in November, defying economists' predictions of a 0.2% decrease. Fuel imports, especially natural gas, drove this increase. Export prices stayed flat, with agricultural exports falling but nonagricultural exports rising slightly. Year-over-year, import prices increased by 1.3%, marking a significant rise from the previous month.

4 months ago
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