Import prices slipped 0.4% last month, the biggest drop since December 2023, after a revised 0.2% decrease in August, the Labor Department's Bureau of Labor Statistics said on Wednesday.

The brightening inflation outlook was reinforced by other data on Friday showing import prices dropped by the most in eight months in August, driven by a broad decline in the costs of goods.

Notably, egg prices dropped 39.4%. Core PPI—which strips out food, energy, and trade services—edged down 0.1% in April, the first decline since 2020. Over the past year, core PPI rose 2.9%.

BLS stated that import fuel prices decreased 2.3% in March following increases of 1.6% in February and 2.7% in January. The decline marked the largest monthly drop since the index fell 7.2% in ...

Oil prices plunged this week as a one-two punch of sweeping U.S. import ... war puts US exporters at a disadvantage to Brazil, with both commodities set for their biggest weekly drop since ...

This is the largest annual increase since August 2022, a month from the period defined by post ... the US in February was China, and there was some significant movement in import prices there.

Oil rose on the prospect of a de-escalation in the trade war between the world’s two largest ... said the US would ramp up pressure on Iran. Crude has recovered from a sharp drop to near the ...

US stocks dropped Tuesday after Treasury Secretary Scott Bessent confirmed that trade talks with China haven’t started — and President Trump later said the US doesn’t “have to sign” any ...

Crude oil prices capped their worst monthly drop since ... worries that the US-China trade spat will hurt growth and, in turn, global oil demand. China is the world's largest crude oil importer.

US import prices fell by the most in nine months in September amid decreases in the costs of energy products and food, which bodes well for the domestic inflation outlook. Import prices slipped 0.4 ...

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.