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Financial News: U.S. Import Prices Rise 0.7% In September

U.S. Import Prices Rise 0.7% In September

10/17/2017 - 08:36:00 (RTTNews)

(RTTNews) - U.S. import and export prices both increased by more than anticipated in the month of September, according to a report released by the Labor Department on Tuesday.

The report said import prices climbed by 0.7 percent in September after rising by 0.6 percent in August. Economists had expected import prices to increase by 0.5 percent.

The Labor Department also said export prices advanced by 0.8 percent in September after climbing by an upwardly revised 0.7 percent in August.

Export prices had been expected to rise by 0.4 percent compared to the 0.6 percent increase originally reported for the previous month.

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