Investing.com - U.S. import prices rose broadly in line with market expectations in September, official data showed on Wednesday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices inched up by a seasonally adjusted 0.25 in September from a month earlier, meeting forecasts.
Import prices for August were revised up to a 0.2% increase from a previously reported flat reading.
Year-over-year, U.S. import prices fell at an annualized rate of 1% last month, in line with expectations.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.17% to trade at 1.3756.
Meanwhile, U.S. stock index futures pointed to a lower open. The Dow Jones Industrial Average futures indicated a loss of 0.35% at the open, S&P 500 futures pointed to a decline of 0.45%, while Nasdaq 100 futures shed 0.5%.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices inched up by a seasonally adjusted 0.25 in September from a month earlier, meeting forecasts.
Import prices for August were revised up to a 0.2% increase from a previously reported flat reading.
Year-over-year, U.S. import prices fell at an annualized rate of 1% last month, in line with expectations.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.17% to trade at 1.3756.
Meanwhile, U.S. stock index futures pointed to a lower open. The Dow Jones Industrial Average futures indicated a loss of 0.35% at the open, S&P 500 futures pointed to a decline of 0.45%, while Nasdaq 100 futures shed 0.5%.