Mumbai, Sept. 17 -- A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August.
The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July.
Compared to the same month a year ago, import prices were unchanged in August after edging down by 0.2 percent in July.
The unexpected monthly growth by import prices came as prices for non-fuel imports climbed by 0.4 percent in August after coming in unchanged in July.
The Labor Department said higher prices for consumer goods, non-fuel industrial supplies and materials, capital goods and automotive vehicles more than offset lower prices for foods, feeds, ...