U.S. import prices decline 0.7% in October

WASHINGTON (MarketWatch)
The prices paid for imported goods fell 0.7% in October, largely because of lower fuel prices, the U.S. Labor Department said Thursday
Economists polled by MarketWatch had forecast a 0.4% drop
Fuel import prices sank 3.4% in October
Excluding fuel, import prices were unchanged last month
The price of U.S.-made goods exported to other nations, meanwhile, declined by 0.5% in October
Also, the increase in import prices in September was revised down to show a 0.1% rise instead of 0.2% gain as originally reported