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Import prices fall again - slightly

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Import prices fall again - slightly

Modest 0.1% decline less than expected.

Import prices fell slightly in September, as firming energy costs moderated the continuing downward trend, according to a report issued today by the Labor Department.

Prices fell 0.1% during the month, well below analysts’ expectations of a 0.5% decrease during the month.

Prices for imported oil actually increased during the month, by 1.1%, after falling in August. 

Most observers believe the moderated decline in import prices gives Fed Chair Janet Yellen additional incentive to raise interest rates in the near term, although weakness in the global economy, uneven growth in the US and stubbornly meager wage growth have combined to defer that decision.

Export prices also declined, slipping 0.7% during the month, well above analysts’ expectations of a 0.2% decline.

 

 

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