U.S. import prices fell in May and the annual decrease in prices was the sharpest in three years, providing another boost for the Federal Reserve in the fight against inflation.

The Labor Department reported Wednesday that its producer price index was unchanged last month from May after rising 0.3% the previous month. June wholesale prices rose 2.3% from a year earlier, the smallest year-over-year gain since September. Both measures came in below what economists had expected.

The number of Americans filing for unemployment benefits fell last week to the lowest level in three months, a sign that the U.S. labor market remains sturdy despite fears over the impact of widespread U.

U.S. import prices fell 0.1% in March, the first decline since September, due to lower energy costs. Concerns remain about potential stagflation – simultaneous high inflation and slow growth ...

Imported fuel prices fell 2.6% in April after decreasing by 3.4% in March. Food prices were unchanged after dipping 0.1% in the prior month. Excluding fuels and food, import prices shot up 0.5%.

U.S. retailers and other importers that had largely halted shipments in May due to tariffs, resumed imports from China in June, amid truce.

Prices of Chinese imports dropped 0.9% on a year-on-year basis in November. Prices of goods imported from Canada fell 0.4%, but the cost of Mexican imports increased 0.3%.

U.S. import prices were unchanged in May, the U.S. Bureau of Labor Statistics reported today, following a 0.1-percent increase in April. Higher prices for nonfuel imports offset lower prices for fuel imports in May. Prices for U.S. exports declined 0.9 percent in May, after ticking up 0.1 percent ...

WASHINGTON (Reuters) -U.S. import prices fell by the most in nine months in September amid a sharp decrease in the cost of energy products, pointing to a benign inflation outlook that keeps the ...