The U.S Department of Labor released the latest index of the U.S import Price today, where the Index surged 0.3 percent in January, after falling 0.1 percent and in line with median estimates.

While for the yearly basis, the U.S import Price Index gained 7.1 percent in the past month, below the prior estimates of 8.5 percent and slightly below median estimates of 7.2 percent.