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    U.S. import price index dropped by 2.8 percent in January, driven by falling fuel prices | 13.02.2015

     

    The U.S. Labor Department released its import and export prices data on Friday. The U.S. import price index dropped by 2.8 percent in January, beating expectations for a 3.1% fall, after a 1.9% decline in December. That was the biggest drop since December 2008.

     

     

    December's figure was revised up from a 2.5% decrease.

     

     

    The decline was driven by falling fuel prices.

     

     

    U.S. export prices plunged by 2.0% in January, after a 1.0% decrease in December.

     

     

    For 2014 as a whole, import prices dropped by 8.0%.


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