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Import prices rise in November due to oil, but they still aren’t adding to U.S. inflation

December 13, 2019


The numbers: The cost of imported goods rose in November at the fastest pace in six months, but the increased was tied entirely to oil and unlikely to add much pressure to U.S. inflation.

The import price index advanced 0.2% last month, the government said Thursday. The last time it rose that much was in May.

If fuel is excluded, import prices fell slightly last month. And for the full year they’ve declined 1.3%.

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