By Jeffry Bartash
Washington (MarketWatch) - The price of U.S. imports fell 0.2% in June despite an uptick in fuel costs, the Labor Department said Thursday, marking the fourth straight decline and indicating that inflation remains contained. Fuel costs rose 0.1% in June, but the price of all other imported goods such as food and industrial supplies dropped 0.3%. The decline in import prices in May, meanwhile, was revised down a tick to 0.7%. Import prices are only up a scant 0.2% in the past 12 months, but that's the biggest year-over-year increase since April 2012. What's more, the price of U.S. exports dipped 0.1% and also fell for the fourth straight month, a sign of economic weakness at major U.S. trading partners. Export prices fell 0.5% in May, 0.7% in April and 0.5% in March.
