date:Jul 16, 2014
U.S. import prices rose less than expected in June as a drop in the cost of food offset an increase in petroleum, suggesting imported inflation pressures remained benign.
The Labor Department said on Tuesday import prices edged up 0.1 percent last month after increasing by a revised 0.3 percent in May.
Economists polled by Reuters had forecast import prices rising 0.3 percent after a previously reported 0.1 percent gain in May. In the 12 months through June, prices increased 1.2 percent, the l