U.S. import prices fall 1.2% in December

© Reuters. U.S. import prices fall more than forecast in December

Investing.com – U.S. import prices fell for the sixth straight month in December, as low oil prices weighed, official data showed on Thursday.

In a report, the U.S. Bureau of Labor Statistics said decreased by a seasonally adjusted 1.2% last month, compared to forecasts for a 1.4% drop. Import prices fell by 0.5% in November.

declined by a seasonally adjusted 1.1%, worse than expectations for a fall of…

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U.S. import prices fall 1.2% in December