US: Import prices fall 0.3% in May, led by lower fuel prices; export prices decline 0.7%
|After increasing 0.2 percent in April, U.S. import prices declined 0.3 percent in May, the largest monthly drop since the index fell 0.5 percent in February 2016, the U.S. Bureau of Labor Statistics reported on Thursday.
Key highlights:
- Lower fuel prices drove the decrease in May and nonfuel prices recorded no change.
- The price index for U.S. exports declined 0.7 percent in May following a 0.2-percent advance in April.
- The nonfuel import price index recorded no change in May following a 0.8 percent advance over the previous 3 months
- Nonagricultural export prices decreased 0.6 percent in May, led by falling prices for nonagricultural industrial supplies and materials which more than offset higher prices for both capital goods and consumer goods
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.