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U.S. September import prices rose 0.1% with export prices up 0.3%

U.S. September import prices rose 0.1% with export prices up 0.3%, stronger than forecast. Neither the 0.2% decline in August import prices, nor the 0.8% decline in export prices were revised. Petroleum prices bounced 1.2% following declines of 3.0% in August (revised from -2.8%) and 3.1% in July (revised from -3.6%). Excluding petroleum, import prices were unchanged, as was the case in August. Import prices with Canada inched up 0.1% from -0.6% (revised from -0.9%), while prices with China were flat from -0.2% previously. As for export prices, agricultural prices fell 1.0% from August's -3.5% (revised from -3.4%). Excluding ag, export prices rose 0.4% from -0.6% (revised from -0.4%).


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