Following yesterday's more closely watched report on consumer price inflation, the Labor Department released a report on Thursday showing import prices in the U.S. crept up in line with estimates in the month of December.
The Labor Department said import prices inched up by 0.1 percent in December, matching the upticks seen in November and October as well as expectations.
Meanwhile, the report said the annual rate of import price growth accelerated to 2.2 percent in December from 1.4 percent in November, reaching the fastest pace of growth since a 3.2 percent spike in December 2022.
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Forex News
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.