U.S. import prices fell 0.9 percent in November, with declines pushed by lower fuel costs, the Labor Department said Wednesday.
Export prices fell 0.7 percent in the month with a decline in non-agricultural exports down 0.4 percent and the price of agricultural exports up 0.1 percent.
On a 12-month basis, import prices were down 1.6 percent in November, while export prices from November 2011 were up 0.7 percent.
Over 12 months, agricultural export prices have jumped 10 percent, while non-agricultural export prices have dropped 0.4 percent.
Fuel prices over 12 months are down 7 percent, a contrast to the previous 12 months in which imported fuel costs were up 32.4 percent, the department said.
Most Popular Stories
- Cape Cod Building Mussel Industry
- Hollywood Eager to Grasp Hispanic Market
- Frightfully Fun Films Return for Halloween
- Sears Denies Store Closings, Layoffs Report
- Microsoft Beats Income Expectations
- Would Soccer Be Richer Without Small Clubs?
- Cloud Lifts Microsoft's Quarterly Results
- Pfizer Approves $11 Billion Buyback Plan
- IS Funded by Black Market Oil Sales, Racketeering
- Weekly Jobless Claims Rise but Remain Low