A report released by the Labor Department on Thursday showed import prices in the U.S. increased by slightly more than expected in the month of January.
The Labor Department said import prices rose by 0.2 percent in January, matching an upwardly revised uptick in December. Economists had expected import prices to inch up by 0.1 percent.
The slightly stronger than expected import price growth came as an increase in prices for non-fuel imports more than offset an extended slump in prices for fuel imports.
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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.