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Moreover, the assumptions of a constant mark-up rate and negligible import costs are important variables in the models.
On the other hand, net food importers and oil importing countries have been adversely affected by high import costs.
When goods arrive damaged in the U.S., the factory claims that the importer has been making up the story in order to lower import costs.
However, it raises import costs.
High import costs mean fertiliser is scarce at the moment.
Import costs have not increased since September 2000.
The dollar may weaken, leading to higher import costs.
So far this year, total petroleum import costs have risen by more than 60percentt.
But there was also evidence the weak pound was stoking inflation by raising import costs.
March's decline was the third consecutive drop; import costs have not risen since September.
The main shadow on the horizon was a concern that rising import costs would squeeze profitability.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com