August import prices post biggest drop in 7 months
Export prices also fall, while wholesale inventories slip 0.1% in July
Fri, Sep 11, 2015 - 5:50 AM
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.