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U.S. Import Prices Fell 0.3% in February

11 Mar. 2016

Prices for imported goods fell last month in a sign that global economic weakness, the strong dollar and cheap oil may continue to curb overall U.S. inflation. Import prices decreased 0.3% in February from the prior month after falling a revised 1.0% in January, the Labor Department said Friday.

Import prices were down 6.1% in February from a year earlier, though that was the smallest annual drop since December 2014.

Read full article from The Wall Street Journal