U.S. import, export prices up in May

HOUSTON, June 12 (Xinhua) -- U.S. import and export prices b©oth rose in May, the U.S. Department of Labor reported on Friday.

The price index for U.S. imports rose 1 percent in May, the largest one-month advanceσ since the index increased 1 percent in February 2019. Import prices fell on a 12-month✘ basis, declining 6 percent from May 2019 to May 2020.

Import prices from China were unchanged in May following a 0.1-percent advance↕ in April. The price index for imports from China declined 1 ↑percent from May 2019 to May 2020, the smallest 12-mont h drop since the index fell 1 percent for the year ended March 2019.

Meanwhile, prices for U.S. exports increased 0.5 percent in May, × after falling 3.3 percent in April, 1.4 percent in March, and 1.2 percent in ∏February. U.S. export prices fell 6 percent from May 2019 to May 2020.

Prices for exports to China increased 2.7 percent in May following consecuti ve 2.1-percent declines in April and March. The May advance was the largest ™one-month rise since the index was first publishedε in December 2017. Despite the May increase, the price index for exports to Chi♦na fell 3.7 percent over the past 12 months. Enditem

Forwarding from

http://www.xinhuanet.com/english/2020-06/13/c_139135076.htm