Financial News: U.S. Import Prices Edge Down 0.1% In February

03/16/2023 - 08:39:00 (RTTNews)

(RTTNews) - A report released by the Labor Department on Thursday showed import prices edged slightly lower in the month of February.

The Labor Department said import prices dipped by 0.1 percent in February after falling by a revised 0.4 percent in January.

Economists had expected import prices to slip by 0.2 percent, matching the decrease originally reported for the previous month.

Meanwhile, the report said export prices rose by 0.2 percent in February after climbing by a revised 0.5 percent in January.

Export prices were expected to edge down by 0.1 percent compared to the 0.8 percent advance originally reported for the previous month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

Eurozone Trade Gap Narrows In January (22 min(s), 10 sec(s) ago)
(RTTNews) - Euro area trade deficit narrowed at the start of the year as the pace of fall in impor ...Full Story»

Poland Industrial Output Contracts; Producer Price Inflation At 1-Year Low (56 min(s), 10 sec(s) ago)
(RTTNews) - Poland's industrial production declined for the first time in thirty-three months ...Full Story»

Taiwan Export Orders Continue To Fall In February (02 hr(s), 20 min(s), 10 sec(s) ago)
(RTTNews) - Taiwan's export orders continued to decline in February, data released by the Mini ...Full Story»

Germany Producer Price Inflation Eases To 15.8%, Lowest Since Sep 2021 (04 hr(s), 17 min(s), 10 sec(s) ago)
(RTTNews) - Germany's producer price inflation eased for the fifth straight month in February ...Full Story»

Malaysia Trade Surplus Shrinks To MYR 19.56 Bln (05 hr(s), 44 min(s), 10 sec(s) ago)
(RTTNews) - Malaysia's trade surplus decreased slightly in February, as imports grew faster th ...Full Story»

European Economic News Preview: Eurozone Foreign Trade Data Due (06 hr(s), 24 min(s), 10 sec(s) ago)
(RTTNews) - Foreign trade from the euro area and producer prices from Germany are the top economic ...Full Story»

China Retains Benchmark Lending Rates As Expected (06 hr(s), 43 min(s), 10 sec(s) ago)
(RTTNews) - China retained its benchmark lending rates for the seventh straight month on Monday af ...Full Story»

China Loan Prime Rate Due On Monday (30 min(s), 50 sec(s) ago)
(RTTNews) - The People's Bank of China will announce its latest loan prime rate numbers, highl ...Full Story»