September Import Prices Fall

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he price of goods imported to the United States fell 2.1% in September, the first decline in six months, the Labor Department said Friday.

The drop was driven by the steepest decline in oil prices since December 2004, Bloomberg reported.

The increased followed a revised 0.8% gain in August. Excluding petroleum, September prices rose 0.1%.



Economists expected prices to fall 1.3% in September, Bloomberg reported.