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The Labor Department said today prices of imported goods in March rose 0.5%, matching analysts' expectations and petroleum prices rose as well.

For the year from March 2008 to March 2009, import prices are down 14.90%, the largest year-over-year decline since data was first published in September 1982.

In March, imported petroleum prices increased 10.5%, the largest monthly gain since November 2007 but the good news is the petroleum import price index is down 52% over the past 12 months.

Prices received by U.S. exporters fell 0.6% in March, with declines in agricultural and non-agricultural products. The exports index is down 6.7% over the past 12 months, the largest annual decline since the data was first published in September 1983.

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