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Import prices slipped 0.4% last month, the biggest drop since December 2023, after a revised 0.2% decrease in August.
Import prices fell 0.3% last month, the largest decline since December 2023, after an unrevised 0.1% gain in July, the Labor Department's Bureau of Labor Statistics said in a separate report.
Import prices fell 0.3% last month, the largest decline since December 2023, after an unrevised 0.1% gain in July, the Labor Department's Bureau of Labor Statistics said.
On a year-over-year basis, the index rose 2.4%. The decline was driven entirely by a sharp drop in prices for services, which fell 0.7% – the largest monthly decrease since records began in 2009.
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Last month's drop in import prices, which exclude tariffs, was in line with economists' expectations. In the 12 months through September, import prices dipped 0.1%.
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Import prices edged up 0.1% last month after a downwardly revised 0.1% rise in October, the Labor Department's Bureau of Labor Statistics said.
WASHINGTON (Reuters) -U.S. import prices fell by the most in nine months in September amid a sharp decrease in the cost of energy products, pointing to a benign inflation outlook that keeps the ...
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