U.S. Import Price Index Unchanged While Exports Decline

U.S. import prices were unchanged in December, after declining 0.5 percent in November, the U.S. Bureau of Labor Statistics reported today. Import fuel prices decreased 0.3 percent in December and nonfuel prices were unchanged. Prices for U.S. exports fell 0.9 percent in December following a 0.9-percent decline the previous month.

Imports Remain Unnchanged

The price index for U.S. imports was unchanged in December, after declining in each of the previous 2 months. Prices for U.S. imports fell 1.6 percent for the year ended in December. U.S. import prices have not risen on a 12-month basis since January 2023.

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