U.S. import prices advance 0.7% in November; export prices rise 0.5%

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U.S. import prices rose 0.7 percent in November after ticking up 0.1 percent in October, and increased 3.1 percent over the past year. U.S. export prices increased 0.5 percent in November following a 0.1-percent advance the previous month, and rose 3.1 percent over the past year.