U.S. import prices fall 0.2% in December, first decline in five months

us-import-prices-fall-0.2%-in-december,-first-decline-in-five-months

U.S. import prices slid 0.2% in December to mark the first decline in five months, largely because the cost of oil fell. Excluding fuel, import prices rose 0.5% in December. Import prices rose 10.4% in 2021 and contributed to the biggest increase in U.S. inflation in almost 40 years. Prices started to level off toward the end of the year, however.

Source: Marketwatch

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