U.S. import and export prices experience the largest increase in over four years, driven by surging oil prices
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According to data released by the US Bureau of Labor Statistics on Thursday, the import price index rose by 1.9% month-on-month, marking the largest increase since March 2022, with oil costs surging by 19%. The export price index rose by 3.3% month-on-month, also the largest increase in more than four years. Expand
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