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Sunday, April 13, 2008

Import prices rise

Golly gee, the weak dollar isn't good news? You mean it impacts Americans? Shocking news indeed.

U.S. import prices rose by a more-than-expected 2.8 percent in March as petroleum prices jumped 9.1 percent, a Labor Department report showed Friday.

Frank Franklin Ii / AP
U.S. export prices rose 1.5 percent during the month, also more than expected and the largest monthly gain on record, as prices for farm and food products continued to rise.

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