The U.S Department of Labor releasde the latest index of the U.S import Price today, where the Index surged 0.7 percent in November, after falling 0.6 percent and a revised 0.5 percent in October and short from median estimates of 1.0 percent.

While for the year ended November, the U.S import Price Index gained 9.9 percent in the past month, below the perio estiamtes of 11.0 percent and revised 10.9 percent and slightly bleow median estimates of 10.2 percent.