August Import Prices Rise

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he price of goods imported to the United States rose 0.8% in August on higher oil, natural gas and metal costs, the Labor Department said Thursday.

The increased followed a revised 1% gain in July. Excluding petroleum, August prices rose 0.5%, their biggest jump since May.

Economists expected prices to rise 0.3% in August after an initially-reported 0.9% gain in July, Bloomberg reported.