Import Prices Slip; Export Prices Rise

Vadum, Mathew
January 2005
Bond Buyer;1/14/2005, Vol. 351 Issue 32050, p2
Trade Publication
The article reports that because of the decreases in petroleum imports and petroleum industrial supplies and materials, the U.S. import price index fell 1.3 percent in December 2004. The December decrease follows an unrevised 0.2 percent increase in November, and an unrevised 1.6 percent hike in October. Economists polled by IFR BondData America had predicted a drop of only 0.2 percent in the import price index. Meanwhile, export prices rose 0.2 percent, the category's fourth consecutive monthly increase. That figure follows an unrevised 0.3 percent increase in November. Imports showed a 6.9 percent gain from December 2003 through December 2004 while exports rose 4.1 percent over the same period.


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