U.S. import and export price declines slowed in December, the Labor Department's Bureau of Labor Statistics sad Friday.
Import prices fell 0.1 percent from November, with declines in fuel and non-fuel costs, the Labor Department said.
Export prices also fell 0.1 percent, with a 0.2 percent decline in non-agricultural export prices and a 0.1 percent gain in agricultural exports prices.
November's declines were generally sharper.
Fuel import prices were down 2.8 percent in November and 0.1 lower percent in December.
The decline in export prices was 0.7 percent in November and 0.1 percent in December.
Non-agricultural export price deflation also slowed month-to-month.
An 0.8 percent decline in November slowed to a 0.2 percent drop in December.
From December 2011 to December 2012, import prices dropped 1.5 percent, a turnaround from the prior 12 months, when import prices rose 8.5 percent.
Over the past 12 months, fuel imports followed the same pattern, falling 6.4 percent after rising 24.9 percent from December 2010 to December 2012.
Agriculture export prices have gone the other way over the past 24 months, with prices up 1 percent from December 2010 to December 2011 and up 12.8 percent from December 2011 to December 2012, the bureau said.
Most Popular Stories
- SEO Traffic Lab Celebrate Wins at Digital Marketing Event 'Internet World 2013' in London
- Social Media Initiatives Should Follow Customers' Lead
- Apple CEO: Offshore Units Not a 'Tax Gimmick'
- U.S. Senate Accuses Apple of Large-scale Tax Avoidance
- UTEP Water Recycling Project Wins Venture Titles
- Marketo Makes a Mint in IPO: Stock Shoots Up More than 50 Percent
- Bieber Booed at Billboard Awards
- Crude Oil Up, Gasoline Down
- Austin Startup Compare Metrics Raises $3.5 Million for Expansion
- Why So Many Top 'Car Guys' Are Actually Women