US import prices flat in September
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Washington
US IMPORT prices barely declined in September, with oil prices rebounding and the drag on prices from a weak global economy appearing to moderate, Labor Department data showed on Friday.
The 0.1 per cent decline in import prices could help lay the groundwork for an interest rate hike by the Federal Reserve because a smaller drag on inflation from imports could alleviate concerns at the central bank that inflation is too low.
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