U.S. import prices rose modestly in June, suggesting little evidence of inflationary pressure from foreign-sourced goods, according to data released Thursday by the Bureau of Labor Statistics.
The import price index increased 0.1 percent last month, following a downwardly revised 0.4 percent decline in May. Over the past year, import prices have declined 0.2 percent, marking the second straight month of year-over-year contraction and reinforcing a trend of broad price stability in traded goods.
Economists had forecast a stronger 0.2 percent increase for the month and for the year, indicating the analysts continue to overestimate price…
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