According to the import and export price index data for August released by the U.S. Department of Labor, the import price index decreased by 0.3 percent in August compared to the previous month, the highest monthly decrease since December last year.
The market expectation was that the import price index would decrease by 0.2 percent during this period.
The import price index rose 0.1 percent in July. In August, the index increased by 0.8 percent compared to the same period last year.
The export price index decreased by 0.7 percent on a monthly basis in August.
Expectations were that the export price index would fall by 0.1 percent. The export price index rose 0.5 percent in July.
The index also decreased by 0.7 percent in August compared to the same month last year.
