A report released by the Labor Department on Thursday showed import prices edged slightly lower in the month of February.
The Labor Department said import prices dipped by 0.1 percent in February after falling by a revised 0.4 percent in January.
Economists had expected import prices to slip by 0.2 percent, matching the decrease originally reported for the previous month.
Meanwhile, the report said export prices rose by 0.2 percent in February after climbing by a revised 0.5 percent in January.
Export prices were expected to edge down by 0.1 percent compared to the 0.8 percent advance originally reported for the previous month.
