US import-export prices stall in May
US import prices were flat in May, slowing from a 0.1% rise in April and defying market expectations for a 0.2% drop, the Bureau of Labor Statistics reported.
Year-on-year, import prices edged up 0.2%. Excluding petroleum, import prices rose 0.3% month-on-month and 1.7% from a year earlier.
Export prices fell by 0.9% in May, down from a 0.1% gain in April and missing forecasts for a 0.2% increase. Annually, export prices climbed 1.7%. Excluding agricultural products, export prices declined 1% on the month but were up 1.7% year-on-year.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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