A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August.
The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July.
Economists had expected import prices to edge down by 0.1 percent compared to the 0.4 percent increase originally reported for the previous month.
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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.