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Import prices post biggest drop since 2008

Export prices also fall 2% in January, the largest decline in more than three years
Saturday, February 14, 2015 - 05:50


US import prices recorded their biggest drop in six years in January as the cost of petroleum and a range of other goods fell, a sign that domestic inflation pressures could remain muted for a while.

The Labour Department said on Friday import prices tumbled 2.8 per cent

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