US: Oil Price Rise Responsible for Out-sized Gain in Import Priceshttp://www.fxstreet.com/fundamental/economic-indicators/us-oil-price-rise-june-09/Fundamental Analysishttp://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7US: Oil Price Rise Responsible for Out-sized Gain in Import Priceshttp://www.fxstreet.com/fundamental/economic-indicators/us-oil-price-rise-june-09/2009-07-10.htmlOverall import prices rose more than expected in June due entirely to petroleum. June’s rise notwithstanding, overall inflation rates likely will fall further in the months ahead. Oil Prices Drive Overall Rise in Import Prices Overall import prices rose 3.2 percent in June, driven largely by the 20.3 percent jump in petroleum prices during the month. This should reverse in July due to declining oil prices. Outside of petroleum prices, there were few signs of inflation. Non-oil import pricesFri, 10 Jul 2009 15:21:51 GMThttp://www.fxstreet.com/fundamental/economic-indicators/sam.bullard@wachovia.com (Wachovia)http://www.fxstreet.com/fundamental/economic-indicators/us-oil-price-rise-june-09/2009-07-10.html