U.S. Import Prices Fall in May, Led by Lower Fuel Prices; Export Prices Decline

According to the U.S. Bureau of Labor Statistics, U.S. import prices declined 0.3 percent in May, after increasing 0.2 percent in April. Lower fuel prices drove the decrease in May and nonfuel prices recorded no change. The price index for U.S. export prices declined 0.7 percent in May following a 0.2-percent advance in April. Access more details and the press release here.