The Silver Ink

Monday, January 25, 2021
Log in
  • United States & World
  • Techie
  • Business & Company News
  • Discovery
  • Lifestyle

Pages

  • About The Silver Ink
  • Advertising
  • Contact US
  • Investor Relations
  • Our Team
  • Privacy Policy GDPR
  • Sec Disclosure
  • Terms of Use

Recent Posts

  • David The Puzzle Man Butler Uses His Newfound Hobby to Help Community June 29, 2018
  • Diamond Thief Arrested in Chicago Days After Stealing $133,000 Worth of Precious Stones June 29, 2018
  • Colorado Goth Metal Band Founder Stabs Homeless Person to Death in Back Alley June 28, 2018
  • Irate South Carolina Woman Cusses Out Black Teens at Pool, Assaults Sheriff’s Deputy June 27, 2018
  • Georgia Couple Arrested For Keeping Mentally Challenged Daughter Locked Inside Room for Months June 27, 2018
  • Washington Man Paralyzed After Run-in With Gun-Toting Carjacker June 26, 2018
  • Autistic Boy Admitted to Emergency Room After Being Impaled By A Plank of Wood June 25, 2018

U.S. import price fall 0.3% in march

April 11, 2015 By Doyle Buehler Leave a Comment

ImportStronger U.S. dollar and cheaper oil has retained U.S. inflation from moving towards the Federal Reserve target of 2 percent.

Strong dollar is also crashing the brakes on inflation and this is delaying the Federal Reserve decision to increase the interest rate for the first time in nine years.

Since last summer there is 50 percent fall in the price of the petroleum and this has pushed Fed’s PCE inflation index to 0.3 percent increase over the past year.

U.S. inflation is stabilizing with the oil prices slowly stabilizing but the increasing dollar price has become the hurdle for inflation where the foreign goods such as French wine, Asian made high-definition television and German autos are becoming less expensive for Americans to buy.

In March, the prices U.S. paid for imported goods and services fell for the eighth time in the last nine months but the costs of the oil actually rose for the second time.

Import prices last month dropped 0.3 percent or 0.4 percent excluding fuel.

Import prices have fallen by 10.5 percent over the past 12 months. Cheap oil is the main reason even the price of imports excluding fuel have declined by nearly 2 percent in the same period.

Imported goods are available at low cost which is not good as customers pay less for all goods such as cell phones, household-appliances thereby stretching their paychecks further.

The stronger dollar will make Americans goods more expensive for foreigners reducing the demand for American goods. It is affecting the corporate profits and could cost Americans their job and thereby slowing the growth of the nation.

The inflation rate which Fed officials are considering healthy for economy won’t close in on the banks 2 percent target until 2016.

If the dollar remains strong then inflation is unlikely to rise much in near future.

It was reported that if the inflation continues then it will be difficult for Federal Reserve to increase the interest rate.

 

Filed Under: Business & Company Tagged With: Federal Reserve, import, import prices, US economy

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 24 other subscribers

first humans who arrived in North America

First Humans Arrived In North America 10000 Years Earlier

January 17, 2017 By Dave Smith Leave a Comment

gold coin

Rare Gold Coin Found In a Toy Pirate Treasure

October 27, 2016 By Kyle Mills Leave a Comment

clothing material

Air conditioning could be replaced with clothing material that keeps you cool

September 2, 2016 By Carrie Davis Leave a Comment

proxima centauri star

Scientific Breakthrough – Habitable Planet near Proxima Centauri

August 27, 2016 By Dave Smith Leave a Comment

USS independence

Deep Sea Exploration Of World War II Vessel

August 23, 2016 By Dave Smith Leave a Comment

statue of Zeus

Ancient Zeus Sacrifice Skeleton Found In Greece

August 12, 2016 By Dave Smith Leave a Comment

white robot

Robot Exoskeleton Could Improve Life Of The Disabled

August 11, 2016 By Dave Smith Leave a Comment

Bird Fossil Holds Answers to Life After Dinosaurs

October 30, 2015 By Dave Smith Leave a Comment

Polar Bears Are Slowly Dying Due to Climate Change

September 17, 2015 By Stephanie James Leave a Comment

Study Shows Birds Also Fall in Love

September 15, 2015 By Jeff Suchon Leave a Comment

Man-made Climate Change Produces the Highest Temperatures Ever

September 14, 2015 By Dave Smith Leave a Comment

Researchers Discover Why Sweetgrass Is An Efficient Insect Repellent

August 19, 2015 By Jeff Suchon Leave a Comment

The Drinkable Book Could Be The Easiest Way To Clean Water

August 18, 2015 By Jeff Suchon Leave a Comment

Study Reveals Venomous Frogs Are More Dangerous Than Pit Vipers

August 8, 2015 By Kyle Mills Leave a Comment

Categories

  • Automotive & Aviation Industry
  • Business & Company
  • Capital Markets
  • Discovery
  • entertainment
  • Health
  • IT & Diversified Sector
  • Lifestyle
  • Nature
  • Science
  • Techie
  • Uncategorized
  • United States & World
  • World

Copyright © 2021 thesilverink.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.