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
- Neighbor Warns Chris Brown to Stay Off His Property
- Venezuelan Officials Banned From Traveling in U.S.
- Adrienne Bailon Disses Ex-Lover Rob Kardashian
- Hiring on the Rise at Small Businesses
- NSHMBA Names Lincoln as Automotive Partner
- Hispanic Arts Leaders Unite Across the Border
- Islamic State Fights for Control of Syrian Oil Wealth
- How to Fit Green Energy Into Your Portfolio
- Sanctions Will Hit Russia Hard if Not Lifted Quickly
- Jerry Brown Favors More Shelters for Immigrant Kids