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US Import Prices Rise 1.1% in September, More Than Expected

Import prices increased 1.1% in September, boosted by higher costs for energy products and a range of other goods.

US import prices increased more than expected in September, boosted by higher costs for energy products and a range of other goods, further evidence of rising inflation pressures as the Middle East conflict persists.Import prices jumped 1.1% last month after rebounding by a downwardly revised 0.5…