Import prices soar to fastest annual pace since 2011 and add to mounting U.S. inflation

Import prices soar to fastest annual pace since 2011 and add to mounting U.S. inflation
·2 min read

The cost of imported goods climbed again in May and contributed to the biggest flareup in U.S. inflation in more than a decade --- a flareup the Federal Reserve insists will die out once the economy fully returns to normal.

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