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US Import Prices Rise 8.1% Year on Year in September
On October 16, the U.S. Bureau of Labor Statistics reported that U.S. import prices rose 1.1% month on month in September, up from 0.5% in August. On a year-on-year basis, import prices increased 8.1%, the largest annual gain since July 2022. Export prices rose 2.2% month on month, compared with 1.2% in August. Higher energy prices were a major factor behind the rise in import prices. (Jiemian)
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