Import Prices Remain Flat As Federal Reserve Keeps Interest Rates Elevated

Import Prices Remain Flat As Federal Reserve Keeps Interest Rates Elevated

By Robert Romano Consumer prices increased slightly in June by 0.3 percent to an annual rate of 2.8 percent, but not because of imports, the latest data from the Bureau of Labor Statistics shows, with import prices only rising 0.1 percent. In the past year, import prices are actually down 0.2 percent. The Federal Reserve has been holding interest rates at an elevated level since 2022 to deal with the crippling inflation that followed the Covid r…