US import prices jump in August on capital and consumer goods strength
U.S. import prices rose 0.7% in August after declining 0.3% for two straight months, with increases in the costs of capital and consumer goods suggesting inflation could rise further.
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U.S. import prices surged in August amid solid increases in the costs of capital and consumer goods, suggesting inflation could rise further in the coming months.Import prices rebounded 0.7% last month after declining by 0.3% for two straight months, the Labor Department's Bureau of Labor Statistic…
S. 7 percent in August, well above expectations. 3 percent in July. Economis…