U.S Import Prices Soar To 5 Year Highs As Fuel Costs Spike


Thanks to a surge in prices from Canada and Asia Near East, US Import Prices soared more than expected in February. The 4.6% rise is the highest since February 2012, driven by a 40.5% surge year-over-year in Fuels and lubricants.

Notably US import prices from Mexico fell 0.3% YoY.

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