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August import prices post biggest drop in 7 months

Export prices also fall, while wholesale inventories slip 0.1% in July

RISE OF THE US$: In August, prices for imported capital goods fell 0.2 per cent, as did prices for imported cars.


US import prices in August recorded their biggest drop in seven months as the cost of petroleum and a range of goods fell, indicating that a strong dollar and soft global demand continued to put downward pressure on imported inflation.

The Labor Department said on...

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