Import prices slipped 0.4% last month, the biggest drop since December 2023, after a revised 0.2% decrease in August.

The dollar's strength against the currencies of the United States' main trade partners has largely kept imported inflation contained. Core import prices rose 1.1% year-on-year in August.

Import prices fell 0.3% last month, the largest decline since December 2023, after an unrevised 0.1% gain in July, the Labor Department's Bureau of Labor Statistics said in a separate report.

US retail sales surged 0.6% MoM, far exceeding expectations and signaling robust consumer demand despite recent tariff ...

Meanwhile, prices for non-fuel imports rose 0.1% for the second consecutive month in March. Notably, non-fuel import prices have not fallen on a monthly basis since a 0.2% drop in May 2024.

Last month's drop in import prices, which exclude tariffs, was in line with economists' expectations. In the 12 months through September, import prices dipped 0.1%.

Chinese shipments to the US plummeted 35% in May compared to the year before, according to government data released Monday.

Import prices edged up 0.1% last month after a downwardly revised 0.1% rise in October, the Labor Department's Bureau of Labor Statistics said.

Oil is headed for its worst monthly drop since 2021 as fears of crumbling demand weigh on markets.

U.S. consumer sentiment rose to a four-month high in September amid expectations that inflation will continue moderating over the next year and household incomes improve, but views on the labor ...

Import prices were previously reported to have declined 0.3% in August. Last month's drop in import prices, which exclude tariffs, was in line with economists' expectations.