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Import prices rise after China goods costs jump to a decade high

The monthly 0.3% gain came despite lower energy prices, with increases elsewhere outweighing the decline.

Reported · Written up by our desk · Trade & Tariffs

Import prices rose 0.3% for the month, a surprise gain highlighted by costs of goods from China reaching their highest level since 2008, CNBC reports.

The data showed that a drop in energy prices was more than offset by increases in other components of import costs, supporting the overall monthly rise.

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