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Economic Update: Import Prices
The government reported that Import Prices for the month of December fell by -0.1%, which was below the consensus for an increase of +0.1%.
The November reading was revised higher to +0.8% from +0.7%
On a year-over-year basis, import prices rose by +8.5%.
Export prices fell by -0.5%, which was below last month’s level of +0.1%.
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