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U.S. Import Prices Climb More Than Expected, Export Price Growth Also Exceeds Estimates

Import and export prices in the U.S. both increased by more than expected in the month of July, according to a report released by the Labor Department on Thursday. The report said import prices climbed by 0.7 percent in July after surging up by 1.4 percent in June. Economists had expected import prices to rise by 0.4 percent.
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