Import prices climb 0.2% in April, but show barely any whiff of inflation

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Import prices climb 0.2% in April, but show barely any whiff of inflation
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U.S. import prices climb 0.2% in April

The numbers: The cost of goods imported into the U.S. rose mildly in April, mostly because of the higher cost of oil. Energy aside there was little hint of rising inflation.

What happened: The cost of fuel imports increased 2.5% last month, but that marked a big dropoff from 6.1% in March and 10.2% in February.

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