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| March Import Prices (#1) - Apr. 15, 2005 |
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Summary
Earlier this morning, the Labor Department reported that import prices rose a strong 1.8% during March, led by a 10.6% spurt in petroleum prices.
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According to today's release from the Labor Department, import prices registered a sharp 1.8% increase during March, which compares with a 0.8% rise during February. (The February change was unrevised from last month's original release.)
Based on today's numbers, the price of petroleum imports rose 10.6% in March. Prices for imports excluding the petroleum component were up 0.3%.
I will publish a more detailed analysis of these numbers either later today or over the weekend.
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