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U.S. Import Price Index fell 0.7% in July
The U.S. Import Price Index fell 0.7 percent in July, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Decreases for both petroleum prices and nonpetroleum prices contributed to the July drop for overall import prices, which followed four consecutive monthly increases. Export prices also declined in July, falling 0.3 percent after advancing 1.0 percent the previous month.
Posted: August 13, 2009 Thursday 08:30 AM