Mumbai, March 19 -- A report released by the Labor Department on Tuesday showed unexpected increases by U.S. import and export prices in the month of February.
The Labor Department said import prices climbed by 0.4 percent in February, matching an upwardly revised increase in January.
The report also said the annual rate of growth by import prices accelerated to 2.0 percent in February from 1.9 percent in January.
The unexpected monthly increase by import prices partly reflected a continued surge by prices for fuel imports, which jumped by 1.7 percent in February after spiking by 3.5 percent in January.
Prices for non-fuel imports also rose by 0.3 percent in February after inching up by 0.1 in January, as higher prices for non-fuel ind...