U.S Import Prices Fell in October on Fuel and Food Costs
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Prices of goods imported into the U.S. unexpectedly fell in October, reflecting lower costs for fuel and food.
The 0.6 percent decline in the import-price index follows no change in September, revised down from a previously estimated 0.3 percent gain, Labor Department figures showed today in Washington. Economists projected the gauge would also be unchanged in October, according to the median forecast in a Bloomberg News survey. Prices excluding fuel fell 0.2 percent, the first decline since July 2010.