U.S. import prices rose by a slightly larger-than-expected 1.3 percent in August, Labor Department data showed on Friday, as petroleum prices leapt again. But other import costs remained subdued.
Wall Street had forecast a 1.2 percent increase in the price of imported goods, which are monitored as an early warning of inflation and will worry the Federal Reserve if it thinks these cost pressures will subsequently show up in consumer prices.
