Cost of U.S. Imports Decreased More Than Forecast in September
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The cost of goods imported into the U.S. fell more than forecast in September, contributing to a slowdown in inflation that is concerning the Federal Reserve.
The 0.3 percent decrease in the import-price index exceeded the 0.2 percent drop projected by the median forecast of 52 economists surveyed by Bloomberg News, Labor Department figures showed today in Washington. The 3.5 percent gain over the past 12 months was the smallest year-over-year increase since November.