U.S. import prices rose in January more than expected amid further gains in the cost of energy products, but a strong dollar continued to dampen underlying imported inflation.
The Labor Department said on Feb. 10 import prices increased 0.4% last month after an upwardly revised 0.5% rise in December. In the 12 months through January, import prices jumped 3.7%, the largest gain since February 2012, after advancing 2.0% in December.
