US Import Prices Rise in March, Driven by Oil
U.S. import prices increased in March, primarily driven by higher oil prices, though the overall rise was less than anticipated. This trend contributes to ongoing inflation concerns, impacting the cost of goods entering the country.
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Inflation watch: High oil prices boost the cost of imports again. How long will the pain last?
The cost of imported goods rose sharply in March for the third month in a row, heralding further increases in U.S. inflation in the next few months, mostly due to higher oil prices.
By Jeffry Bartash
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