Import Prices Pulled Higher by Petroleum
Sep 13th, 2009 | By admin | Category: MortgagesAs the US dollar index hits fresh lows, the latest index tracking import prices moved up at a pace of 2% in August, quadruple the forecasts. Despite increases in five of the past six months, prices are still down 15% since last year, compared with an annual drop of 19.3% reported in July.
“Although inflation is not a front-burner issue, the broad-based nature of the gains in prices in August underscore the influence that a weakening dollar can have on import prices,” noted analysts from RDQ Economics….(read more)
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