December 13, 2016

UPDATE 1-U.S. import prices post largest drop in nine months

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WASHINGTON, Dec 13- U.S. import prices recorded their biggest drop in nine months in November on declining petroleum costs, with renewed dollar strength threatening to keep imported inflation subdued. The Labor Department said on Tuesday import prices fell 0.3 percent last month after a downwardly revised 0.4 percent gain in October. In the 12 months through…

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