Import prices in the U.S. unexpectedly saw a modest decrease in the month of June, according to a report released by the Labor Department on Tuesday, with a drop in non-fuel prices more than offsetting an increase in fuel prices.
The Labor Department said its import price index edged down by 0.1 percent in June following a 1.2 percent increase in May. Economists had expected prices to inch up by 0.1 percent.
Meanwhile, the report said export prices fell by 0.2 in June after climbing by 0.6 percent in the previous month. Export prices had been expected to rise by 0.2 percent.
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