Investing.com - U.S. import prices rose less-than-expected in July, official data showed on Tuesday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices inched up by a seasonally adjusted 0.2% in July, below expectations for a 0.6% increase.
Import prices for June were revised down to a 0.4% drop from a previously reported decline of 0.2%.
Year-over-year, U.S. import prices rose at an annualized rate of 1% last month, below expectations for a 1.5% increase.
Following the release of the data, the U.S. dollar was higher against the euro, with EUR/USD shedding 0.1% to trade at 1.3287.
Meanwhile, U.S. stock future indices pointed to a higher open. The Dow Jones Industrial Average futures pointed to a gain of 0.3% at the open, S&P 500 futures indicated an increase of 0.25%, while the Nasdaq 100 futures signaled a gain of 0.2%.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices inched up by a seasonally adjusted 0.2% in July, below expectations for a 0.6% increase.
Import prices for June were revised down to a 0.4% drop from a previously reported decline of 0.2%.
Year-over-year, U.S. import prices rose at an annualized rate of 1% last month, below expectations for a 1.5% increase.
Following the release of the data, the U.S. dollar was higher against the euro, with EUR/USD shedding 0.1% to trade at 1.3287.
Meanwhile, U.S. stock future indices pointed to a higher open. The Dow Jones Industrial Average futures pointed to a gain of 0.3% at the open, S&P 500 futures indicated an increase of 0.25%, while the Nasdaq 100 futures signaled a gain of 0.2%.