Import Prices Fall for Sixth Straight Month

The price of goods imported to the United States fell for a sixth straight month in January on lower commodity costs, declining 1.1%, the Labor Department said Wednesday.

The downturn, the smallest since July, followed a 5% decrease in December. Prices were forecast to fall 1.2%, Bloomberg reported.

Excluding oil, prices fell 0.8%.

U.S. export prices rose 0.5%, the first gain in six months, Labor said.