Import Prices Fall as Oil Drops

Washington, DC, May 14, 2013 -- In another sign that inflation will remain tame, import prices fell in April due to a drop in oil costs, according to the Labor Department.

Import prices fell 0.5% last month, the biggest decline since December.

Over the previous 12 months, import prices fell 2.6%.

                                                                                                                                                                                                                                                                                                                                                             
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