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The Labor Department said on Friday import
prices fell 0.5 percent last month.
Economists polled by Reuters had forecast import prices
declining 0.7 percent. Export prices fell 0.2 percent during the
month.
The European Central Bank has stepped up efforts this year to
pull the euro zone out of an economic crisis, which has pushed
down the value of the euro against the dollar. In September,
prices for imports from the European Union fell 0.9 percent, the
biggest one-month decline since December 2012.
While the U.S. economy has accelerated in recent months, the
global economy has appeared to slow, including in China, and the
price of oil has weakened.
The cost of imported oil for the United States fell 2 percent in
September.
Weak import prices are holding down U.S. inflation, which is
keeping the Federal Reserve wary of rushing to raise interest
rates.
(Reporting by Jason Lange; Editing by Chizu Nomiyama)
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