Investing.com - U.S. import prices unexpectedly declined in June though export prices rose slightly more than forecast, official data showed on Friday.
In a report, the U.S. Bureau of Labor Statistics said import prices decreased by a seasonally adjusted 0.4% last month.
Economists were looking for a 0.1% advance.
Import prices gained by 0.9% in May, revised from an initial 0.6% gain.
Year-on-year, import prices increased 4.3% in June, matching consensus and the prior month’s reading.
Meanwhile, export prices increased by a seasonally adjusted 0.3% in April.
Analysts had forecast a 0.2% gain.
That followed a 0.6% gain a month earlier.
Export prices increased 5.3% last month from a year ago, below the consensus forecast for a 5.7% advance.
Export prices gained 4.9% in May.