U.S. retail sales unexpected fell in February, raising recession fears.

Meanwhile, U.S. import prices rose sharply last month when volatile oil prices were excluded, suggesting the weak U.S. currency is feeding into the prices of other goods.

Retail sales decreased by 0.6%, the U.S. Commerce Department said today. Economists had estimated a 0.1% increase in February retail sales.

U.S. sales of automobiles and parts decreased by 1.9% in February. Sales of all other retailers excluding auto and parts dealers decreased in February by 0.2%.

February gasoline station sales decreased by 1.0%.

Excluding gas and auto sectors, demand at other retailers last month dipped by 0.1%.

U.S. import prices advanced 0.2% on a monthly basis in February, the Labour Department said today, compared to January’s 1.6% increase. Wall Street economists expected a sharper 0.8% increase last month.

Still, compared to a year ago import prices soared 13.6%, which is only a touch below the highest rate since the early 1980s.

Separately, the Labour Department said Initial claims for jobless benefits were unchanged at 353,000 after seasonal adjustments in the week ended March 8, the Thursday. Economists surveyed expected an increase of 9,000. The previous week’s level was revised up by 2,000.