WASHINGTON — August import prices posted a 0.9% decline, but slipped 0.1% ex-oil. These results were about as expected.
Oil imports were down 4.4% in the largest drop since November 2013 as prices fell for a second month. Auto imports posted a 0.1% rise, in the biggest gain since April.
Export prices posted a 0.5% drop, with ex-agricultural at a 0.3% slide.
Over-the-year import prices were down 0.4% after a little elevation for the prior three months. Over-the-year non-fuel import prices are running up 0.7%, also suggesting modest inflation.
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