Mumbai, March 6 -- A report released by the Labor Department on Thursday showed import prices in the U.S. increased by slightly more than expected in the month of January.
The Labor Department said import prices rose by 0.2 percent in January, matching an upwardly revised uptick in December.
The slightly stronger than expected import price growth came as an increase in prices for non-fuel imports more than offset an extended slump in prices for fuel imports.
The report said prices for non-fuel imports climbed by 0.5 percent in January after rising by 0.2 percent in December, while prices for fuel imports tumbled by 2.2 percent in January after slumping by 1.1 percent in December.
The increase in prices for non-fuel imports reflected hig...