February data show U.S. is not importing inflation from abroad
The numbers: The cost of imported goods shot up in February by the largest amount in nine months, but the increase stemmed entirely from higher fuel prices. Most import prices barely moved, offering more evidence that inflationary pressures in the U.S. are bottled up
Big picture: Inflationary pressures in the U.S. have eased since hitting a seven-year high last summer. Earlier this week a pair of reports on consumer and wholesale prices affirmed that inflation appears muzzled.Also Read: Wholesale prices creep higher in February, but inflation poses little threat
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