US import prices dip slower than expected in September

FXStreet (Mumbai) - The US government report on Friday showed the import prices fell by a seasonally adjusted 0.1% in September, which is much smaller than the expected 1.6% fall.

The core import price index, which excludes fuel, dropped 0.3%. Meanwhile, on annualised terms the import prices dropped 10.7% mainly due to lower oil prices and a stronger US dollar. Annualised core import prices declined 3.1%.