U.S. import prices remained unchanged in June, unexpectedly flat after a 0.2% dip in May, and export prices declined by 0.5%.
Import prices in the U.S. remained unchanged in June, according to the Labor Department, unexpectedly flat after a revised 0.2% dip in May. Economists had anticipated a 0.2% increase in June. Export prices also declined by 0.5% in June, following a revised 0.7% drop in May. The flat import prices may influence the Federal Reserve's decision on monetary policy easing, as inflation remains a concern.
July 16, 2024
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