Investing.com – U.S. import prices rose less-than-expected in December, official data showed on Wednesday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices rose by 1.1% in December, after rising by 1.5% in November, whose figure was revised up from 1.3%.
Analysts had expected U.S. import prices to rise by 1.2% in December.
The report said that year-on-year, U.S. import prices rose more-than-expected, increasing by 4.8% in December, after rising by 3.9% in November.
Analysts had expected year-on-year U.S. import prices to rise by 4.7% in December.
According to the data, higher prices for both fuel and nonfuel prices contributed to the overall advance.
Following the release, the U.S. dollar was down against the euro, with EUR/USD gaining 0.23% to hit 1.3003.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.59%, S&P 500 futures pointed to an increase of 0.72%, while the Nasdaq 100 futures indicated a rise of 0.62%.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices rose by 1.1% in December, after rising by 1.5% in November, whose figure was revised up from 1.3%.
Analysts had expected U.S. import prices to rise by 1.2% in December.
The report said that year-on-year, U.S. import prices rose more-than-expected, increasing by 4.8% in December, after rising by 3.9% in November.
Analysts had expected year-on-year U.S. import prices to rise by 4.7% in December.
According to the data, higher prices for both fuel and nonfuel prices contributed to the overall advance.
Following the release, the U.S. dollar was down against the euro, with EUR/USD gaining 0.23% to hit 1.3003.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.59%, S&P 500 futures pointed to an increase of 0.72%, while the Nasdaq 100 futures indicated a rise of 0.62%.