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Import prices rise in July on higher cost of oil, but not enough to stoke inflation worries

Jeffry Bartash
Import prices rise in July on higher cost of oil, but not enough to stoke inflation worries

The cost of imported goods rose modestly in July after a big drop in the prior month, largely reflecting a rebound in oil prices. Yet imports still aren’t adding to U.S. inflation more broadly. The import price index rose 0.2% last month.