Import prices in the U.S. fell by less than expected in the month of November, the Labor Department revealed in a report on Thursday, although the report also showed a bigger than expected drop in export prices during the month.
The report said import prices dropped by 0.4 percent in November after falling by a revised 0.3 percent in October. Economists had prices to slump by 0.8 percent compared to the 0.5 percent decrease originally reported for the previous month.
Meanwhile, the Labor Department said export prices slid by 0.6 percent in November after edging down by 0.2 percent in October. Export prices had been expected to dip to by 0.3 percent.
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