U.S Import Prices Jump As Oil And Other Commodities Rally ...Middle East

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U.S Import Prices Jump As Oil And Other Commodities Rally
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The price index for U.S. imports rose by 1.3 percent in February 2021 as higher oil and natural gas prices resulted in a surge in fuel import prices, the U.S. Bureau of Labor Statistics said on Tuesday. Following a 1.4-percent increase in January 2021, the February U.S. import prices rose by another 1.3 percent due to both higher fuel prices and non-fuel prices in the past two months. According to the Bureau of Labor Statistics, prices for import fuel jumped by 11.1 percent in February, accelerating the rising trend of the past few months. Oil…

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