Import Prices in U.S. Climbed in February as Energy Costs Jumped
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The cost of goods imported into the U.S. climbed in February by the most in six months, reflecting a jump in energy expenses that is now receding.
The 1.1 percent increase in the import-price index followed a 0.6 percent gain in the prior month, Labor Department figures showed today in Washington. The median forecast of 43 economists in a Bloomberg survey called for a 0.6 percent advance. Prices dropped 0.3 percent over the past 12 months.