MW:June U.S. import prices drop 2.7% on fuel decline
By Jeffry Bartash
WASHINGTON (MarketWatch) - The price of goods imported into the U.S. fell 2.7% in June, a second straight monthly decline that mainly reflected sinking oil prices, the government reported Thursday. Economists surveyed by MarketWatch had expected a 1.9% drop. The decline in import prices last month was the biggest since December 2008, the Labor Department said. The price of fuel imports sank 10.1%. Excluding fuel, import prices fell a much smaller 0.3%. The price of U.S. exports, meanwhile, decreased 1.7% in June following a 0.4% pullback in May.
