US import prices barely decline in September

9 Oct 2015 | Author: | No comments yet »

U.S. Import Prices Down 0.1% in September.

Here’s one key takeaway from the Labor Department’s report on import prices Friday in Washington: The costs of imports excluding fuel dropped 0.3 percent in September from the prior month and were down 3.1 percent of the past year, the biggest 12-month decrease since October 2009. * The risk that inflation will not quickly pick up toward the Fed’s goal was one reason policy makers decided to delay increasing the benchmark interest rate, according to minutes of their September meeting released Thursday.

WASHINGTON—Prices for imported goods fell for the third straight month in September, a reminder of how a strong dollar and slower overseas growth is weighing on inflation. Last month, Federal Reserve officials held off on raising interest rates from near zero in large part because of worries about when inflation would reach the central bank’s 2% target.

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