U.S. import prices fell 0.4% in September, primarily due to energy costs, aligning with economist forecasts.
In September, U.S. import prices fell by 0.4%, primarily due to a significant drop in energy costs, aligning with economist forecasts. Year-over-year, import prices decreased by 0.1%. Excluding fuel, prices rose slightly for three months. Export prices also fell by 0.7%. This decline supports a favorable inflation outlook, leading the Federal Reserve to consider further interest rate cuts, reflecting a resilient economy.
October 16, 2024
9 Articles