U.S Import Prices Soar To 5 Year Highs As Fuel Costs Spike

Writer at ZeroHedge • Mar 9, 2017 at 9:14 AM EST

U.S Import Prices soared more than expected in February. The 4.6% rise is the highest since February 2012, driven by a 40.5% surge year-over-year in Fuels and lubricants.

Thanks to a surge in prices from Canada and Asia Near East, US Import Prices soared more than expected in February. The 4.6% rise is the highest since February 2012, driven by a 40.5% surge year-over-year in Fuels and lubricants.

(Click on image to enlarge)