U.S. import prices climb 0.7% in August - MarketWatch

 U.S. import prices climb 0.7% in August - MarketWatch

The prices paid for U.S. imports rose 0.7% in August, the first increase in five months, the Commerce Department said Wednesday. That compared to a revised 0.7% drop in July. The decline in July was originally reported as 0.6%. A 4.1% rise in imported fuels accounted for the increase. Excluding fuel costs, import prices fell 0.2%. The price of U.S.-made goods exported to other nations, meanwhile, rose 0.9% in August after a 0.4% gain in the prior month