Investing.com – U.S. import prices declined less-than-expected in August, official data showed on Tuesday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices fell by 0.4% in August, after rising by 0.3% in July.
Analysts had expected U.S. import prices to fall by 0.8% in August.
Year-over-year, U.S. import prices rose at an annualized rate of 13.0% in August, above expectations for a 12.5% increase, after rising at a rate of 14.0% in July.
Following the release of the data, the U.S. dollar was fractionally higher against the euro, with EUR/USD easing down 0.06% to trade at 1.3671.
Meanwhile, the outlook for U.S. equity markets was mixed. The Dow Jones Industrial Average futures indicated a loss of 0.15%, S&P 500 futures pointed to a decline of 0.08%, while the Nasdaq 100 futures edged 0.2% higher.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices fell by 0.4% in August, after rising by 0.3% in July.
Analysts had expected U.S. import prices to fall by 0.8% in August.
Year-over-year, U.S. import prices rose at an annualized rate of 13.0% in August, above expectations for a 12.5% increase, after rising at a rate of 14.0% in July.
Following the release of the data, the U.S. dollar was fractionally higher against the euro, with EUR/USD easing down 0.06% to trade at 1.3671.
Meanwhile, the outlook for U.S. equity markets was mixed. The Dow Jones Industrial Average futures indicated a loss of 0.15%, S&P 500 futures pointed to a decline of 0.08%, while the Nasdaq 100 futures edged 0.2% higher.