Food and energy costs rise! US import prices rebound in September!

It is learned that according to foreign media reports, U.S. import prices rebounded in September, driven by rising food and energy costs, and import inflation showed signs of slowing down.

The Labor Department said on Friday that import prices rose 0.4% in September after falling 0.3% in August. Economists had expected import prices, excluding tariffs, to rise 0.6%.

The government reported strong food prices and rents pushed up consumer inflation in September, while higher energy costs pushed up raw material prices. Brent crude has surged above $80 a barrel.

Imported fuel prices increased 3.7% last month after falling 3.0% in August. Petroleum prices rebounded 3.9%, while the cost of imported food accelerated 1.3%.

The report also showed that export prices rose slightly by 0.1% in September after rising 0.4% in August. Agricultural export prices fell by 1.7%. Non-agricultural export prices rose by 0.3%. Export prices rose 16.3% in September from a year ago, after rising 16.8% in August.

Editor✎ Irene/

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