U.S. Import Prices Decline 0.1% In June

The prices the U.S. paid for imported goods fell a seasonally adjusted 0.1% in June, marking the 11th decline in the past 12 months. Excluding fuel, import prices declined by 0.2%, the Labor Department said Tuesday. The price of U.S.-made goods exported to other nations also fell 0.2% in June. In the past 12 months import prices have dropped 10%, mostly because of a lower oil costs. Import prices are down a smaller 2.3% excluding fuel in the same span. Lower import prices have helped keep a tight lid on U.S. inflation, but that also reflects a tepid global economy.