Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
6/12/2012 9:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Import Prices Fall 1% in May

The price of goods imported to the United States fell 1% last month, the biggest drop in almost two years, the Labor Department reported Tuesday.

The decrease followed an unchanged reading in April that had originally been reported as a 0.5% decline.

The drop matched economists’ forecasts, Bloomberg reported.

Prices excluding petroleum dipped 0.1%. Petroleum and refined products fell 4.2%, the most since May 2010.

Imported food costs declined 0.7%, while automobiles and parts slipped 0.1% in the first decline of the year.

U.S. export prices decreased 0.4%, following a 0.4% gain in April, Labor said.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement