Pursuits
Import Prices in U.S. Decrease for the First Time in a Year
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Prices of goods imported into the U.S. dropped in June for the first time in a year as oil and food expenses retreated.
The 0.5 percent fall in the import-price index followed a revised 0.1 percent gain in May, Labor Department figures showed today in Washington. Economists projected a 0.6 percent decrease for June, according to the median estimate in a Bloomberg News survey. Prices excluding petroleum fell 0.2 percent, the first decline since July 2010.