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The flat reading in import prices followed a 0.2% drop in May. Economists polled by Reuters had expected import prices, which exclude tariffs, to dip 0.1%.
U.S. retailers and other importers that had largely halted shipments in May due to tariffs, resumed imports from China in June, amid truce.
U.S. import prices were unchanged in May, the U.S. Bureau of Labor Statistics reported today, following a 0.1-percent increase in April. Higher prices for nonfuel imports offset lower prices for fuel ...
Imported fuel prices fell 2.6% in April after decreasing by 3.4% in March. Food prices were unchanged after dipping 0.1% in the prior month. Excluding fuels and food, import prices shot up 0.5%.
Prices for Chinese imports fell 0.2% after dipping 0.1% in February. They decreased 0.9% year-on-year. But imports from Japan cost 0.5% more and prices increased 1.7% from a year ago.
Imported fuel prices fell 2.6% in April after decreasing by 3.4% in March. Food prices were unchanged after dipping 0.1% in the prior month. Excluding fuels and food, import prices shot up 0.5%.
Prices of Chinese imports dropped 0.9% on a year-on-year basis in November. Prices of goods imported from Canada fell 0.4%, but the cost of Mexican imports increased 0.3%.
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