Import prices in the United States registered last month their biggest rise in about nine years, data by the U.S. Department of Labor Showed on Thursday.<\/p>\n\n\n\n
Following a 1% increase in December, import prices rose by 1.4% in January, signaling their biggest increase since March 2012.<\/p>\n\n\n\n
This comes amid a rise in energy prices and the decline of the U.S. Dollar (USD) against major currencies.<\/p>\n\n\n\n
Higher import prices is expected to lead to a rise in the inflation rate in the U.S.<\/p>\n\n\n\n
On an annual basis, the January import prices rose by 0.9%, recording their biggest yearly rise since October 2018, following 11 consecutive monthly declines.<\/p>\n\n\n\n
The prices of imported fuel increased by 7.4%, while imported food prices rose by 2.1%.<\/p>\n\n\n\n
Similarly, imported capital goods prices added 0.2%, and the price of imported motor vehicles leveled up by 0.2%, while the consumer goods prices excluding automobiles decreased by 0.1%.<\/p>\n\n\n\n
Meanwhile, export prices grew by 2.5% in January 2021, recording their biggest increase on record.<\/p>\n\n\n\n
Export prices rose by 2.3% on an annual basis last month, recording their biggest increase since October 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"
Import prices in the United States registered last month their biggest rise in about nine years, data by the U.S. Department of Labor Showed on Thursday. Following a 1% increase in December, import prices rose by 1.4% in January, signaling their biggest increase since March 2012. This comes amid a rise in energy prices and …<\/p>\n","protected":false},"author":10,"featured_media":32738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6858],"class_list":["post-41710","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=41710"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41710\/revisions"}],"predecessor-version":[{"id":41711,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41710\/revisions\/41711"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32738"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=41710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=41710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=41710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}