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U.S. export prices fall in sign global economy doing poorly

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WASHINGTON (Reuters) - Prices for U.S. exports unexpectedly fell in October, a worrisome sign of global economic weakness, while the cost of imports into America declined due to a sharp drop in the price of oil.

Export prices dropped 0.5 percent last month, the seventh decline in eight months, the Labor Department said on Friday. Analysts polled by Reuters had expected a slight increase in export prices.

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