U.S. import prices barely declined in September, partly due to oil prices rebounding, reports Reuters.

Analysts had expected overall import prices to slide by 0.5%, but there was only a 0.1% decline in import prices, and a 0.2% dip in non-oil import prices specifically.

As such, says Reuters, there could be “a smaller downward push on inflation from imports, [which] could alleviate the Fed’s concerns that inflation is too low.” Read more.

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