Notizie economiche
13.12.2024

U.S. import-price index unexpectedly advances in November

The report published by the Labor Department on Friday revealed the U.S. import-price index advanced 0.1 per cent m-o-m in November, following a downwardly revised 0.1 per cent m-o-m gain (from +0.3 per cent m-o-m) in October. 

Economists had expected import prices to drop 0.2 per cent m-o-m last month.

According to the report, the November gain was due to a 1.0 per cent m-o-m jump in fuel import prices. Meanwhile, prices for non-fuel imports were flat m-o-m.

Over the 12-month period that ended in November, import prices surged 1.3 per cent, recording the strongest 12-month rise since July (+1.7 per cent)), which reflected a 2.3 per cent climb in non-fuel prices that was partially offset by an 8.6 per cent plunge in fuel prices. 

The report also showed that the price index for U.S. exports was unchanged m-o-m in November, following an upwardly revised 1.0 per cent m-o-m soar (from +0.8 per cent m-o-m) in the previous month. 

Economists had predicted export prices to slip 0.2 per cent m-o-m in November.

The November flat performance of the U.S. export-price index reflected a 0.1 per cent m-o-m uptick in prices for non-agricultural exports that was negated by a 0.4 per cent m-o-m decline in prices for agricultural exports.

Over the past 12 months, the price index for exports jumped 0.8 per cent, the most since July (+1.2 per cent), as a 1.2 per cent m-o-m rise in prices of non-agricultural exports more than offset a 2.5 per cent decrease in prices of agricultural exports.

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