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U.S. Sept import prices up 0.1 pct, gas costs slip

Published 10/14/2009, 08:34 AM
Updated 10/14/2009, 08:39 AM

WASHINGTON, Oct 14 (Reuters) - U.S. import prices rose 0.1 percent in September as the price of imported petroleum dipped, the Labor Department said on Wednesday, making overall import prices slightly undershoot expectations.

The gain, compared with a 0.2 percent rise forecast by analysts polled by Reuters, was the sixth increase in the last seven months and followed a spike of 1.6 percent in August. This had originally been reported as a 2.0 percent jump.

September import prices compared with the same month last year were down by 12.0 percent overall.

(Reporting by Alister Bull; Editing by Chizu Nomiyama)

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