Import prices rose sharply in April, and Americans’ long-run inflation expectations jumped to their highest in 12 years, dovetailing with other pricing data released earlier this week, suggesting inflation may be a more entrenched problem than many believe. U.S. import prices rose 0.4 percent last month, after falling 0.8 percent in March, according to data…
North America Container Ship Traffic Jam Tightens, Threatening to Push Inflation Higher
August 2, 2022
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Port congestion in North America worsened in late July compared with a month ago, with traffic having shifted from the West Coast to the East Coast. On July 28, there were 153 ships waiting offshore at various ports across North America, a significant jump from 92 vessels on June 10, according to data by American…
Import Prices Rise by 1.4 Percent
The import price index rose by 1.4 percent in the month of February, resulting in a total rise of 10.9 percent in the past year. The rise fell slightly short of economists’ projections for the month—which were placed at 1.6 percent by economists surveyed by The Wall Street Journal—and also of the previous month’s rise in…
Petroleum, Food Lift US Import Prices in February
WASHINGTON—U.S. import prices increased strongly in February, boosted by strong gains in petroleum and food costs, indicating that inflation would remain uncomfortably high for a while. Import prices rose 1.4 percent last month after rebounding 1.9 percent in January, the Labor Department said on Wednesday. In the 12 months through February, prices accelerated 10.9 percent…
US Import and Export Prices Surge in October, Adding to Signs of Persistent Inflation
The prices of U.S. imports and exports surged in October, adding to signs that the current bout of inflation, which Fed policymakers and Biden administration officials say is “transitory,” could prove to be considerably more persistent. Import prices accelerated 1.2 percent last month after gaining 0.4 percent in September, the Labor Department said in a…
US Import, Export Prices Surge in October, Adding to Signs of Persistent Inflation
The prices of U.S. imports and exports surged in October, adding to signs that the current bout of inflation, which Federal Reserve policymakers and Biden administration officials say is “transitory,” could prove to be considerably more persistent. Import prices rose 1.2 percent last month after gaining 0.4 percent in September, the Labor Department said in…
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