By Amara Omeokwe and Harriet Torry 
 

WASHINGTON--Prices for foreign-made goods imported to the U.S. increased in November, the Labor Department reported Friday. Here are takeaways from the report:

--Import prices were up 0.2% in November from October, matching expectations of economists surveyed by The Wall Street Journal. The data are not adjusted for seasonality and exclude any taxes, such as tariffs.

--Prices for petroleum imports increased 1.1% in November from the previous month, while prices for non-petroleum imports rose 0.2%.

--Compared with November 2018, import prices for all goods were down 1.3%. Import prices in October were unchanged from the previous estimate of a 0.5% drop.

--Export prices were up 0.2% in November from October and 1.3% lower than November last year.

The Labor Department report on import and export prices can be accessed at: http://www.bls.gov/news.release/ximpim.toc.htm.

 

(END) Dow Jones Newswires

December 13, 2019 08:45 ET (13:45 GMT)

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