U.S. Import Prices Edge Slightly Lower In September

(RTTNews) - Import prices in the U.S. saw a modest decrease in the month of September, according to a report released by the Labor Department on Friday, with a drop in non-fuel prices offsetting a rebound in fuel prices.

The report said import prices edged down by 0.1 percent in September after tumbling by a revised 1.6 percent in August. Economists had expected import prices to fall by 0.4 percent.

Additionally, the Labor Department said export prices dropped by 0.7 percent in September after slumping 1.4 percent in the previous month. Export prices had expected to dip by 0.2 percent.