U.S. Import Prices Declined in June by Most Since January 2009
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Prices of goods imported into the U.S. fell in June by the most since January 2009, led by declines in costs of oil, business equipment and consumer goods.
The 1.3 percent decline in the import price index was more than projected and followed a revised 0.5 percent drop in May, Labor Department figures showed today in Washington. Economists forecast a 0.4 percent decrease, according to the Bloomberg News survey median. Prices excluding petroleum fell 0.5 percent, the biggest decline since March 2009.