India, July 17 -- Import prices in the U.S. inched up by less than expected in the month of June, the Labor Department revealed in a report released on Thursday.
The Labor Department said import prices crept up by 0.1 percent in June after falling by a revised 0.4 percent in May.
Economists had expected import prices to rise by 0.3 percent compared to the unchanged reading originally reported for the previous month.
The report said import prices in June were down by 0.2 percent compared to the same month a year ago, matching a revised dip in May.
The monthly uptick by import prices came amid a modest increase by prices for non-fuel imports, which inched up by 0.1 percent in June after coming in unchanged in May.
Higher prices for nonfu...