A report released by the Labor Department on Friday showed a modest decrease in U.S. import prices in the month of June as well as an extended slump in U.S. export prices.
The Labor Department said import prices dipped by 0.2 percent in June after falling by a revised 0.4 percent in May.
Economists had expected import prices to edge down by 0.1 percent compared to the 0.6 percent decrease originally reported for the previous month.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.