Quartz·1 min read·medium
U.S. import prices climbed unexpectedly in June as goods from China hit an 18-year high
✦AI Summary
U.S. import prices rose unexpectedly in June, marking the largest annual increase since August 2022. The data highlights a significant uptick in costs for goods imported from China.
The Bureau of Labor Statistics said import prices beat expectations, with the annual gain of 7.1% the largest since August 2022
businesseconomy
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