The Labor Department said U.S. Import prices in June rose 0.2%, coming in far below the median economic forecast calling for a rise of 0.5%. Export prices rose by 0.8%, though they were expected to increase 0.4%.
In the 12 months through June, import prices fell 4.8 percent, the smallest drop since November 2014.
The latest government report comes after the U.S. trade deficit ballooned more than anticipated the prior month.