FXstreet.com (Barcelona) - US import prices index has posted in November its largest increase since 1990, pushed by increasing petroleum prices, according to data by the US Labor Department.
In November, import prices have gone 2,7 up, led mainly by a 9.8% increase on petroleum prices, excluding petroleum, all other import prices have risen 0.7%. This has been the largest monthly increase since October 1990, an increase that follows 1.4% and 0.6% rises in the previous two months.
Overall import prices have increased 11.4% from November 2006, the largest jump on record, while the price index for petroleum imports was up 53.0%.
Prices for US exports increased 0.9% in November.