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U.S. Import Prices Jump More Than Expected Amid Rebound In Fuel Prices

Posted by: Top News Editor in Forex News June 12, 2020

Reflecting a substantial rebound in fuel prices, the Labor Department released a report on Friday showing a bigger than expected jump in U.S. import prices in the month of May. The Labor Department said import prices surged up by 1.0 percent in May after plunging by 2.6 percent in April. Economists had expected import prices to increase by 0.6 percent.
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