US import prices post largest drop in over five years

US import prices post largest drop in over five years

US import prices dropped by the most in more than five years in March amid declines in the costs of petroleum products and a range of other goods. Import prices dropped 2.3% last month, the largest decline since January 2015. In March, prices for imported fuels and lubricants dropped 26.8%, the most since November 2008.

Nomad
Nomad
Top in Business
Get the App