Reflecting a continued nosedive in fuel prices, the Labor Department released a report on Wednesday showing another significant decrease in U.S. import prices in the month of December.
The Labor Department said import prices fell by 1.0 percent in December after tumbling by a revised 1.9 percent in November.
Economists had expected import prices to decline by 1.3 percent compared to the 1.6 percent slump originally reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.