U.S. Import Prices Increased 1.4% in February on Oil, Food
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Prices of goods imported into the U.S. rose more than forecast in February, led by gains in crude oil and food.
The 1.4 percent increase in the import-price index exceeded the 0.9 percent median forecast in a Bloomberg News survey and followed a 1.3 percent rise in January, Labor Department figures showed today in Washington. Prices excluding fuel rose 0.3 percent. Food costs over the past 12 months posted the biggest gain since records began in 1977.