US prices of imports, exports decrease in Dec | 2019-01-18

US prices of imports, exports decrease in Dec

18 January, 2019 12:00 AM printer

HOUSTON: US import and export prices both decreased in December 2018, the U.S. Bureau of Labor Statistics said Wednesday.

Prices for U.S. imports decreased by 1.0 percent in December, including a 9.2 percent decline in prices for import fuel. Prices for imports decreased by 0.6 percent in the year of 2018 which was the first calendar-year drop since 2015, reports Xinhua.

In 2018, import fuel prices fell 10.4 percent following a 21.8 percent increase in the previous year. The 2018 decline was also the first calendar-year decrease since 2015, when import fuel prices fell 41.0 percent.

U.S. export prices recorded a 0.6 percent fall in December.