U.S. import prices rebounded modestly in November and the underlying trend remai...
WASHINGTON, - U.S. import prices rebounded modestly in November and the underlying trend remained soft, consistent with subdued imported inflation pressures.
Import prices exclude tariffs. Last month’s increase in import prices was in line with economists’ expectations. In November, prices for imported fuels and lubricants increased 2.6% after falling 2.5% in the prior month. Petroleum prices rebounded 1.1% after decreasing 3.3% in October. Imported food prices fell 0.3%, matching October’s drop.
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