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U.S. import prices post smallest gain in five months

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - U.S. import prices recorded their smallest increase in five months in December and underlying imported price pressures were muted amid declining costs for food and consumer goods.The Labor Department said on Wednesday import prices edged up 0.1 percent last month after an upwardly revised 0.8 percent rise in November. That was the smallest gain since July and was well below economists' expectations for a 0.5 percent increase.Import prices were previously reported to have increased 0.7 percent in November. In the 12 months through December, prices ...

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First Published: Wed, January 10 2018. 19:52 IST
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