US Import Prices Unexpectedly Rise in October
U.S. import prices unexpectedly rose in October amid higher prices for fuels and other goods, the latest indication of lack of progress lowering inflation in recent months.
Import prices rebounded 0.3% last month after an unrevised 0.4% decline in September, the Labor Department's Bureau of Labor Statistics said on Friday. Economists polled by Reuters had forecast import prices, which exclude tariffs, slipping 0.1%. In the 12 months through October, import prices increased 0.8% after dipping 0.1% in September.
Imported fuel prices rose 1.5% after two straight monthly declines...
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