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Here’s one key takeaway from the Labor Department’s report Jan. 14 on import prices, costs of imported goods excluding fuels declined 3.4% last year, the biggest annual decrease since records began in 2001 and representing the challenge faced by the Federal Reserve in achieving its inflation goal.

U.S. import prices fell in November as the cost of petroleum and several goods continued to decline, suggesting that cheaper crude oil and a strong dollar will keep imported inflation pressures subdued for a while.

The U.S. Export-Import Bank’s charter will lapse next week if the Republican-led Congress follows a path outlined by Senate Majority Leader Mitch McConnell that would delay a vote on reauthorizing the bank until July.

The price of imported goods posted its biggest drop in more than two years, the U.S. Labor Department reported Nov. 14.

The price of imported goods dropped for the third consecutive month in September, the Labor Department reported Oct. 10.

The price of imported goods dropped in August, after falling the prior month, the Labor Department reported Sept. 12.

The price of imported goods dropped in July, the first decline in three months, the Labor Department reported Aug. 14.

The price of goods imported to the United States increased in June, the Labor Department reported July 15.

The price of goods imported to the United States increased in May, the Labor Department reported June 12.