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U.S. import prices rose in August

Posted 11-05-2012 at 07:28 AM by marcitize12

U.S. import prices rose in August for the first time in five months as the cost of imported oil jumped, a factor that could weigh on American consumers and temporarily boost inflation. Import prices climbed 0.7 percent last month, the Labor Department said on Wednesday. The cost of petroleum imports increased 4.1 percent....

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