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The U.S. Labor Department released its import and export prices data on Tuesday. The U.S. import price index declined by 0.1% in June, missing expectations for a 0.1% increase, after a 1.2% rise in May. May's figure was revised down from a 1.3% increase.
The decline was driven by lower no-fuel import prices, which fell 0.2% in June.
Fuel import prices rose 0.7% in June.
A stronger U.S. currency lowers the price of imported goods.
U.S. export prices declined by 0.2% in June, after a 0.6% gain in May.
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