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U.S. import prices rise 1.1% in February

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Investing.com - U.S. import prices rose for the second consecutive month in February, official data showed on Wednesday.

In a report, the U.S. Bureau of Labor Statistics said U.S. import prices rose by a seasonally adjusted 1.1% in February, compared to expectations for a 0.5% increase.

Import prices for January rose by 0.6%.

Year-over-year, U.S. import prices fell at an annualized rate of 0.3% last month, compared to expectations for a 0.7% drop.

Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD shedding 0.46% to trade at 1.2975.

Meanwhile, U.S. stock future indices erased losses to point to a modestly higher open. The Dow Jones Industrial Average futures were little changed, S&P 500 futures pointed to a gain of 0.1%, while the Nasdaq 100 futures pointed to a flat open.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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