Investing.com - U.S. import prices rose for the first time in three months in January, official data showed on Wednesday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices rose by a seasonally adjusted 0.6% in January, compared to expectations for a 0.7% increase.
Import prices for December were revised down a 0.5% decline from a previously reported drop of 0.1%.
Year-over-year, U.S. import prices fell at an annualized rate of 1.3% last month, compared to expectations for a 1% drop.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.15% to trade at 1.3475.
Meanwhile, U.S. stock future indices remained mixed. The Dow Jones Industrial Average futures pointed to a loss of 0.1% at the open, S&P 500 futures pointed to a gain of 0.2%, while the Nasdaq 100 futures pointed to a rise of 0.3%.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices rose by a seasonally adjusted 0.6% in January, compared to expectations for a 0.7% increase.
Import prices for December were revised down a 0.5% decline from a previously reported drop of 0.1%.
Year-over-year, U.S. import prices fell at an annualized rate of 1.3% last month, compared to expectations for a 1% drop.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.15% to trade at 1.3475.
Meanwhile, U.S. stock future indices remained mixed. The Dow Jones Industrial Average futures pointed to a loss of 0.1% at the open, S&P 500 futures pointed to a gain of 0.2%, while the Nasdaq 100 futures pointed to a rise of 0.3%.