US import prices fall more than expected in June

WASHINGTON, July 14 (BestGrowthStock) – U.S. import prices fell a
surprisingly large 1.3 percent in June, the biggest decline
since January 2009, led by declining fuel prices, the U.S.
Labor Department said on Wednesday.

The June drop was the second consecutive monthly decline.
Analysts surveyed before the report had expected a much smaller
drop of 0.3 percent.

Fuel import prices fell 4.0 percent, while non-fuel import
prices dropped 0.6 percent.

U.S. export prices fell 0.2 percent in June, after rising
in the three previous months. Analysts had expected export
prices to rise 0.1 percent in June.

(Reporting by Doug Palmer; Editing by Chizu Nomiyama)

US import prices fall more than expected in June