CNBC·4 min read·hard
Import prices post surprise gain as costs of goods from China hit highest since 2008
J
Jeff Cox
✦AI Summary
US import prices rose unexpectedly in June, driven by higher costs for Chinese goods and AI-related hardware like semiconductors. This suggests that inflationary pressures are broadening beyond the energy sector.
The cost of goods brought into the U.S. posted an unexpected increase in June as the price of goods from China rose by their largest monthly level in more than 18 years, the Bureau of Labor Statistics reported Friday.
economybusinesstechnology
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