From Dow Jones & Company:

In December, the import price index remained flat, contrary to a predicted 0.6% decline. Import prices have dropped steadily over the past two months, including those of energy imports, which fell 0.3%. The cost of industrial supplies and autos imported, however, increased. Export prices fell 0.9% last month, bringing the total decrease in export prices over the past 12 months to 3.2%. The unexpected reading signals potential future inflation fluctuations, with market reaction resulting in expectedly lower stocks and a higher 10-year Treasury yield of 4.11%.



Read more: Import prices flat in December, a stronger reading than expected