US Import Prices Drop Much More Than Expected In August

WASHINGTON (Alliance News) - Import prices in the US fell by much more than expected in the month ...

Alliance News 14 September, 2018 | 1:44PM
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WASHINGTON (Alliance News) - Import prices in the US fell by much more than expected in the month of August, according to a report released by the Labor Department on Friday.

The Labor Department said import prices dropped by 0.6% in August after edging down by a revised 0.1% in July.

Economists had expected import prices to dip by 0.2% compared to the unchanged reading originally reported for the previous month.

The report also said export prices slipped by 0.1% in August after falling by 0.5% in July. Export prices had been expected to come in unchanged.

Copyright RTT News/dpa-AFX

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