A report released by the Labor Department on Thursday showed U.S. import prices fell by less than expected in the month of November.
The Labor Department said import prices decreased by 0.4 percent in November following a revised 0.6 percent decline in October.
Economists had expected import prices to slide by 0.8 percent, matching the drop originally reported for the previous month.
The report showed an extended nosedive by prices for fuel imports, which plummeted by 5.6 percent in November after plunging by 3.7 percent in October.
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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.