US Import Price Drop Due to Lower Energy Costs

U.S. import prices tumbled in December for a sixth straight month as the cost of petroleum and a range of other goods fell further, suggesting a tame inflation environment could persist in the near term.

The Labor Department said on Thursday import prices decreased 1.2 percent last month, the largest decline since August, after a revised 0.5 percent drop in November.

Import prices have dropped in 16 of the last 18 months, a sign that they will continue to weigh on consumer goods prices.

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, he established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza