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U.S. Import Prices Rose 2.7% in March on Crude Oil, Food

Prices of goods imported into the U.S. rose in March at the fastest pace since June 2009, led by a gain in crude oil and the biggest jump in food costs since 1994.

The 2.7 percent increase in the import-price index followed a 1.4 percent rise in February, Labor Department figures showed today in Washington. Economists projected a 2.1 percent gain, according to the median forecast in a Bloomberg News survey. Prices excluding fuel rose 0.6 percent.