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Thursday, April 18, 2024
HomeNewsEconomyImport Prices Rise Less Than Expected in June

Import Prices Rise Less Than Expected in June


The latest import prices and export prices, including data and reports. (Photo: REUTERS)

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.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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