U.S. import prices tumbled in December for a sixth straight month as the cost of petroleum and a range of other goods fell further, suggesting a tame inflation environment could persist in the near term.
The Labor Department said on Thursday import prices decreased 1.2 percent last month, the largest decline since August, after a revised 0.5 percent drop in November.
Import prices have dropped in 16 of the last 18 months, a sign that they will continue to weigh on consumer goods prices.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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