India, March 18 -- 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.
Economists had expected import prices to edge down by 0.1 percent compared to the 0.3 percent growth originally reported for the previous month.
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 ...