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US Import Prices Post Largest Annual Gain in More Than Four Years

US import prices increased more than expected in September, with higher energy costs and a range of other goods contributing to the rise. The report adds evidence of inflation pressures.

By Lucia MutikaniUS 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.The report from the Labor Department on Friday followed data this…