U.S. import prices fall 0.2% in December, first decline in five months
U.S. import prices slid 0.2% in December to mark the first decline in five months, largely because the cost of oil fell. Excluding fuel, import prices rose 0.5% in December. Import prices rose 10.4% in 2021 and contributed to the biggest increase in U.S. inflation in almost 40 years. Prices started to level off toward the end of the year, however.
(END) Dow Jones Newswires
January 14, 2022 09:30 ET (14:30 GMT)
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