Partly reflecting a continued decrease in prices for fuel imports, the Labor Department released a report on Tuesday showing U.S. import prices unexpectedly edged lower in the month of October.
The Labor Department said import prices slipped by 0.1 percent in October after rising by a downwardly revised 0.2 percent in September.
Economists had expected import prices to rise by 0.2 percent compared to the 0.3 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.