Investing.com – U.S. import prices rose less-than-expected in November, 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 0.7% in November, falling short of expectations for a 1.1% increase.
Import prices for October were revised to a 0.5% drop from a previously reported decline of 0.6%.
Year-over-year, U.S. import prices rose at an annualized rate of 9.9% in November, below expectations for a 10.1% increase, after rising at a rate of 11.0% in October.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD shedding 0.33% to trade at 1.2994.
Meanwhile, U.S. stock index futures pared losses. The Dow Jones Industrial Average futures indicated a modest decline of 0.1%, S&P 500 futures eased down 0.05%, while the Nasdaq 100 futures signaled a loss 0.1%.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices rose by a seasonally adjusted 0.7% in November, falling short of expectations for a 1.1% increase.
Import prices for October were revised to a 0.5% drop from a previously reported decline of 0.6%.
Year-over-year, U.S. import prices rose at an annualized rate of 9.9% in November, below expectations for a 10.1% increase, after rising at a rate of 11.0% in October.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD shedding 0.33% to trade at 1.2994.
Meanwhile, U.S. stock index futures pared losses. The Dow Jones Industrial Average futures indicated a modest decline of 0.1%, S&P 500 futures eased down 0.05%, while the Nasdaq 100 futures signaled a loss 0.1%.