Import prices in the U.S. unexpectedly showed a modest increase in the month of July, according to a report released by the Labor Department on Wednesday.
The Labor Department said import prices rose by 0.2 percent in July after plunging by a revised 1.1 percent in June.
Economists had expected import prices to come in unchanged compared to the 0.9 percent slump originally reported for the previous month.
The report also showed an unexpected uptick in export prices, which crept up by 0.2 percent in July after falling by a revised 0.6 percent in June.
Export prices had also been expected to come in unchanged compared to the 0.7 percent decrease originally reported for the previous month.
The material has been provided by InstaForex Company – www.instaforex.com
Latest posts by Insta Forex (see all)
- *U.S. Crude Oil Inventories Edge Up 0.8 Million Barrels In Week Ended 12/6 - December 11, 2019
- ECB Set To Maintain Status Quo In Lagarde's First Policy Meeting - December 11, 2019
- Dollar Mixed After U.S. Consumer Inflation Data; Fed Decision Eyed - December 11, 2019