The US Commerce Department reported Wednesay that prices paid for goods imported into the U.S. fell 0.9% in November. For October, the import price index was revised to 0.3% from an initial reading of 0.5%.
Economists explain decrease in prices mainly because of lower energy costs. Excluding fuel, import prices fell by 0.1% last month. Fuel costs lowered 3.0% in November.
The price export goods fell 0.7% in November.