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U.S. Import Price Index ticked up 0.1% in May
U.S. import prices ticked up 0.1 percent in May, after a 0.5-percent downturn in April, the U.S. Bureau of Labor Statistics reported today. Higher fuel prices drove the increase in May, after declining fuel prices led the decrease the previous month. The price index for U.S. exports also rose 0.1 percent in May following a 1.0-percent decrease in April.
Posted: June 12, 2014 Thursday 08:30 AM