US Import And Export Prices Continued To Rise In November.
The US Labor Department said Friday that US import and export prices rose in November.
The labor department said
Import price
The grid increased by 1.3% from last month.
Fuel prices rose the most, rising by 3.7% in November, after climbing 3.8% in October.
The price of natural gas fell for second consecutive months, offset some of the rise in oil prices.
Natural gas prices fell 2.3% in October, down 3.8% again in November.
Oil prices rose by 4.1%, pushing up overall energy prices.
Export prices did not rise last month, up 1.5% in November, the biggest monthly increase since July 2008.
Compared with last year, export prices rose 6.5%, the largest annual increase since September 2008.
Prices of corn, cotton, soybeans and wheat rose in November 2010.
Agriculture products
The price of export increased by 21% compared with November 2009.
Cotton prices rose 81.4% in a year and corn prices rose by 43.7%.
Wheat prices rose by 40.1% and soybean prices rose by 19.3%.
Barring
Agriculture products
Export prices rose 0.8% from October to November and 5.1% from November 2009 to November 2010.
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