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    14.01.2016 13:56 U.S. import price index falls 1.2% in December

    The U.S. Labor Department released its import and export prices data on Thursday. The U.S. import price index fell by 1.2% in December, beating expectations for a 1.4% decrease, after a 0.5% decline in November. November's figure was revised down from a 0.4% drop.

     

    The decline was mainly driven by lower prices for fuel imports, which slid 10.0% in December.

     

    A strong U.S. currency lowers the price of imported goods.

     

    U.S. export prices declined by 1.1% in December, after a 0.7% fall in November. November's figure was revised down from a 0.6% decrease.


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