Cost of imported goods climb 0.9% in December

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Cost of imported goods climb 0.9% in December


The cost of imported goods rose 0.9% in December, matching the biggest increase in five months, largely because of higher prices for oil and industrial supplies.

The import price index rose for the seventh time in eight months, but inflation is still very low. Import prices, for example, have actually declined 0.3% in the past 12 months.



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