WASHINGTON, Sept 15 (Reuters) - U.S. import prices increased
more than expected in August and gains in the prior month were
revised sharply higher, supporting views that inflation
pressures were building up.
The Labor Department said on Tuesday import prices rose 0.9%
last month. Data for July was revised higher to show import
prices accelerating 1.2% instead of 0.7% as previously reported.
Economists polled by Reuters had forecast import prices,
which exclude tariffs, increasing 0.5% in August.
In the 12 months through August, import prices fell 1.4%
after declining 2.8% in July.
(Reporting By Lucia Mutikani; Editing by Andrew Heavens)