U.S. import prices fell for a second straight month in June as an increase in the cost of fuels was more than offset by declines elsewhere, the latest indication that inflationary pressures in the economy are abating.
Though consumer inflation remains above the Fed's 2% target, the pace of increase has slowed sharply since peaking in June 2022, giving consumers some relief.
Economists expected inflation expectations could be revised lower when the University of Michigan published its final report at end of the month. Excluding fuels and food, import prices declined 0.4%. These core import prices were unchanged in May. Core import prices decreased 1.5% on a year-on-year basis in June. They have remained subdued even as the dollar has weakened against the currencies of the United States' main trade partners this year.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
EUR/JPY falls to mid-June lows despite weak Japanese dataIn Wednesday’s session, the JPY gained further ground agains the EUR and managed to hold gains despite weak economic data reported during the Asian se
Lire la suite »
Poliwag Community Day Announced For June 2023 In Pokémon GONiantic has revealed the focus of the next PokemonGO Community Day as none other than Poliwag. Let's get into the details for this Shiny event happening at the end of July. Pokemon
Lire la suite »
China's June trade data is way down from a year agoChina's June trade data is way down from a year ago, marking yet another big red flag for China's ailing economy
Lire la suite »
U.S. stocks open higher after June producer price index rises less than expectedU.S. stock indexes opened higher on Thursday after the June producer price index moderated more than analysts’ expectations. The Dow Jones Industrial Average rose 121 points, or 0.4%, to 34,466:
Lire la suite »
US Disinflation Accelerates in June, Exacerbating USD SelloffDisinflation takes hold in the US as lower prints in both core and headline inflation send the dollar crashing. US interest rates seen topping out in July at 5.25% - 5.5%. Get your full analysis from RichardSnowFX here:
Lire la suite »