The price of imports went up in January, but higher fuel costs were not to blame, the U.S. Bureau of Labor Statistics said Friday.
The cost of imports advanced 0.1 percent in the month, following a 0.2 percent rise in December.
Prices for fuel imports, however, fell for the third month out of the past four in January, dropping 0.6 percent following a 1.3 percent rise in December.
Imported fuel prices fell despite the surging price for natural gas, which jumped 14.1 percent as demand for heat escalated in a consistently frigid month.
From January 2013 to January 2014, import prices declined 1.5 percent. Prices for imports from a year earlier have been headed lower since July 2013 when prices rose 0.9 percent from July 2012.
Export prices also rose in January, up 0.2 percent after a 0.4 percent gain in the final month of 2013 and a 0.2 percent rise in November.
Export prices for agricultural goods slipped 0.5 percent in January, while non-agricultural export prices rose 0.2 percent.
From a year earlier, agricultural export prices are down 5.7 percent. For non-agricultural exports, prices are down 0.5 percent from January 2013.
Original headline: Import prices climb slightly -- don't blame fuel
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