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.
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