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The U.S. Labor Department released its import and export prices data on Friday. The U.S. import price index fell by 0.1% in September, beating expectations for a 0.5% decrease, after a 1.6% decline in August. August's figure was revised down from a 1.8% drop.
The decline was mainly driven by lower prices on foods, capital goods and nonfuel industrial supplies.
A stronger U.S. currency lowers the price of imported goods.
U.S. export prices declined by 0.7% in September, after a 1.4% fall in August.
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