WASHINGTON — U.S. import prices fell 0.1% in December and export prices dropped 0.5%, the Labor Department reported Friday.
The December import price decline matched the 0.1% median decrease projected by economists polled by Thomson Reuters. Import prices for November were revised to show a 0.8% rise from the previous month.
The decrease in import prices in December reflected a 0.5% fall in fuel imports. Petroleum import prices fell 0.4% and natural gas prices saw a 4.9% decrease.