April 19, 2024
Economy
Commodity prices rise 2% in Feb.
[THE INVESTOR] Consumer prices rose 1.9 percent in February from a year earlier with comparable figures for January standing at 2 percent, industry sources said on March 21.
Prices of gasoline and petrochemical products jumped 13.3 percent last month from a year earlier. The figure is the highest since November 2011 at 16 percent.
Surging oil prices prompted prices of manufactured goods to gain 2.4 percent last month from the previous year, the highest since September 2012 at 3.3 percent.
Transportation costs rose 6 percent last month from a year earlier, the highest increase since December 2012, when numbers jumped 6.3 percent.
Prices of chicken and eggs began rising again recently as imports were halted from the US and Spain.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Prices of gasoline and petrochemical products jumped 13.3 percent last month from a year earlier. The figure is the highest since November 2011 at 16 percent.
Surging oil prices prompted prices of manufactured goods to gain 2.4 percent last month from the previous year, the highest since September 2012 at 3.3 percent.
Transportation costs rose 6 percent last month from a year earlier, the highest increase since December 2012, when numbers jumped 6.3 percent.
Prices of chicken and eggs began rising again recently as imports were halted from the US and Spain.
By Alex Lee and newswires (alexlee@heraldcorp.com)
