U.S. import prices jump in March

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U.S. import prices jump in March

WASHINGTON - U.S. import prices rose by much more than expected in March as the cost of imported fuel jumped.

The price of goods imported into the United States was up 0.9 percent, the sixth consecutive monthly rise after a 0.4 percent gain in February, the Labor Department said Wednesday.

March’s rise was nearly double Wall Street forecasts for a 0.5 percent advance.

The cost of petroleum products climbed 6.1 percent after a revised 0.1 percent gain the previous month. Non-petroleum imports increased 0.2 percent.

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http://www.msnbc.msn.com/id/4684341/

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1. notes

Your link doesn't work.

This could only be called unexpected by fools and cheerleaders. Oh, silly me, that's all we ever hear from.