Fuel Costs

U.S. Import Prices Rise on Fuel Costs: Inflation Risks Loom In November 2024, U.S. import prices rose by 0.1%, defying the expectations of a 0.2% decline. This unexpected increase, primarily driven by higher fuel costs, is raising concerns about potential inflationary pressures, complicating the Federal Reserve’s strategy in combating inflation. The rise in import prices…