Import prices in the U.S. saw another notable increase in the month of August, according to a report released by the Labor Department on Tuesday.
The Labor Department said import prices climbed by 0.9 percent in August after jumping by an upwardly revised 1.2 percent in July.
Economists had expected import prices to rise by 0.5 percent compared to the 0.7 percent increase originally reported for the previous month.
The report said export prices also rose by 0.5 percent in August following an upwardly revised 0.9 percent advance in July.
Export prices were expected to edge up by 0.4 percent compared to the 0.8 percent growth originally reported for the previous month.
For comments and feedback contact: firstname.lastname@example.org
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.