Reuters reports that U.S. import prices saw their largest increase in nine months in February, but the trend began a downward turn, as prices slipped for a third straight month on an annual basis. The 0.6 percent rise in import prices last month, were likely boosted by increases in the costs of fuels and consumer goods. Data for January was revised higher to show import prices edging up 0.1 percent instead of falling 0.5 percent as previously reported.

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