he price of goods imported into the United States fell 1.7% in November, reflecting lower oil prices, the Labor Department reported Wednesday.
The price drop followed a 0.3% increase in October. Excluding petroleum, prices dropped 0.2%.
The overall decline was greater than the 0.5% predicted by economists, Bloomberg reported.
Prices for imported goods excluding automobiles fell 0.2%, while imported automobile prices were unchanged for a second month.
Meanwhile, prices for U.S. goods exported to other countries fell 0.9%, following a 0.7% rise in October.
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