(Reuters) - Imported petroleum prices climbed 4.7 percent in June, the
fifth straight monthly gain, after an upwardly revised 3.7
percent rise in May. The department said that petroleum prices
were up 28.1 percent since January but up only 2.1 percent from
a year ago.
Excluding petroleum, import prices - which are monitored
closely by the Federal Reserve policy-makers as a potential
source of inflation - edged up 0.2 percent after a 0.5 percent
gain a month earlier.
Read more at Reuters.com Economic News
fifth straight monthly gain, after an upwardly revised 3.7
percent rise in May. The department said that petroleum prices
were up 28.1 percent since January but up only 2.1 percent from
a year ago.
Excluding petroleum, import prices - which are monitored
closely by the Federal Reserve policy-makers as a potential
source of inflation - edged up 0.2 percent after a 0.5 percent
gain a month earlier.
Read more at Reuters.com Economic News
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