Economic Report: Import prices aren’t adding much to inflation anymore thanks to a strong dollar

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The numbers: The cost of imported goods rose just 0.2% in June — the smallest increase in six months — in a sign the U.S. is no longer importing as much inflation as it had been in the past year and a half.

Economists polled by The Wall Street Journal had estimated a 0.7% advance.

Most of the increase was tied to a surge in oil prices in June….