Investing.com - U.S. import prices rose less than expected in May, official data showed on Thursday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices increased by a seasonally adjusted 0.1% last month, compared to forecasts for a 0.2% gain.
Import prices for April were revised down to a decline of 0.5% from a previously reported drop of 0.4%.
Year-over-year, U.S. import prices rose at an annualized rate of 0.4% in May, following a 0.3% drop in April.
Following the release of the data, the U.S. dollar turned lower against the euro, with EUR/USD rising 0.06% to trade at 1.3539, compared to 1.3524 ahead of the data.
Meanwhile, U.S. stock index futures turned mixed. The Dow pointed to a gain of 0.1%, the S&P 500 indicated a decline of 0.1%, while the Nasdaq 100 signaled a drop of 0.1%.