2018.10.1208:36:00UTC+00U.S. Import Prices Rebound More Than Expected In September

Reflecting a substantial rebound in fuel prices, the Labor Department released a report on Friday showing a much bigger than expected rebound in U.S. import prices in the month of September.

The Labor Department said import prices climbed by 0.5 percent in September after falling by a revised 0.4 percent in August.

Economists had expected import prices to rise by 0.2 percent compared to the 0.6 percent drop originally reported for the previous month.

Meanwhile, the report said export prices came in unchanged in September after slipping by a revised 0.2 percent in August.

Export prices had also been expected to increase by 0.2 percent compared to the 0.1 percent dip originally reported for the previous month.