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U.S. Iran War Boosts Import Prices
U.S. import prices rose by 1.1% in September, influenced by increased costs of energy products and other goods, with an annual increase of 8.1%, the highest since July 2022. This was due to the disruptions caused by the Iranian conflict, which affected supply chains and pushed up oil prices. This increase adds to inflationary pressures, which are also reflected in rising consumer and producer prices. Meanwhile, analysts expect the Federal Reserve to maintain its current policy of not raising interest rates, despite the rising inflation.
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