U.S. import prices fall amid abrupt drop in fuel prices

Source: RTT News
© Scanpix/AFT
U.S. import prices declined for the first time in a four-month period in November mainly due to a notable 3.0% step down in fuel prices the same month, the Labor Department reported on Wednesday. The report shows prices of import fell 0.9% in the eleventh month, more than initial projections of a 0.4% decrease, after a modest 0.3% gain recorded in October.
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