The Fed can’t print oil…

Sharing is Caring!

Cost of imports registers biggest increase in 15 months as gas prices boost inflation

The numbers: The cost of imported goods rose 0.5% in August, marking the biggest increase in 15 months, largely because of higher oil prices.

See also  Well, they can’t hold him accountable without a bit of accountability for themselves

import prices rose for the second time in a row and just the third time this year. Economists polled by the Wall Street Journal had estimated a 0.3% increase.

If fuel is set aside, import prices fell 0.1% last month, the government said.

See also  Tiffany Gomas: I Can't Tell You What I Say, But I Stand By What I Said, I Was Getting Off That Plane 100%

What’s more, the cost of imports has fallen 3% in the past year. Prices have eased since a huge runup in 2021 and 2022.


Views: 116

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.