The Labor Department said on Wednesday import prices decreased 0.2% in August after an unrevised 0.1% gain in July. Economists polled by Reuters had forecast import prices slipping 0.1% in August. In the 12 months through August, import prices fell 2.2%, the smallest decrease since October 2014, after declining 3.7% in July. Import prices have been constrained by a strong dollar and cheap oil. Imported petroleum prices declined 2.8% last month after decreasing 3.6% in July.

Source: The Edge Markets September 14, 2016 13:07 UTC