US import and export prices rose in September on a monthly basis, both coming in less than market expectations, according to data released Friday by the Labor Department's Bureau of Labor Statistics. Prices for US imports increased 0.1% last month, after rising 0.6% in August. The market estimates for the figure was to show a 0.5% gain. "U.S. import prices last declined on a monthly basis in June, and advanced 0.9 percent in the third quarter of 2023," the agency said in a statement. Export prices rose 0.7% in September, following a gain of 1.1% in August. The figure also came lower than expectations of a 0.5% increase. On an annual basis, however, prices for US exports decreased 4.1% in September, according to the Bureau of Labor Statistics, adding "The 12-month drop in September was the smallest over-the-year decline since February 2023." The price index for US imports in September declined 1.7% year-on-year, it added.
Source: EN - Anadolu Agency