U.S. import prices increased for a third straight month in March, driven by high...
WASHINGTON - U.S. import prices increased for a third straight month in March, driven by higher fuel prices, but the underlying trend remained soft.
The Labor Department said on Friday import prices rose 0.6 percent last month, boosted by increases in the costs of fuels and industrial supplies. Data for February was revised higher to show import prices rising 1.0 percent, the largest monthly advance since May 2016. The report comes after data earlier this week showed consumer prices in March rose by the most in 14 months and producer prices increased by the most in five months on higher gasoline costs, while inflation excluding the volatile food and energy components remained tame.
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