Import prices in the U.S. unexpectedly showed a modest increase in the month of July, according to a report released by the Labor Department on Wednesday.
The Labor Department said import prices rose by 0.2 percent in July after plunging by a revised 1.1 percent in June.
Economists had expected import prices to come in unchanged compared to the 0.9 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.