U.S. Import Prices Rise Less Than Forecast in July
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Prices of goods imported into the U.S. rose less than forecast in July, restrained by declines in building materials, metals and machinery that will help contain inflation.
The 0.2 percent increase in the import-price index marked the first gain in three months and followed a 1.3 percent drop in June, Labor Department figures showed today in Washington. Prices excluding petroleum fell 0.2 percent.