U.S. import prices climb in December
WASHINGTON - The cost of imports rose 0.3% in December to mark the biggest advance in nine months, but most of the increase was tied to higher oil prices. If fuel is excluded import prices were unchanged in the final month of 2019, the government said Thursday. Import prices rose a scant 0.
5% last year after a nearly 1% decline in 2018. Other U.S. inflation barometers such as wholesale and consumer prices also show that price pressures were weak at the end of 2019. The cost of imports from China, meanwhile, were flat in December. They fell 1.8% for the full year amid a tense trade fight with the Trump administration.
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