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    14.06.2016 13:43 U.S. import price index increases by 1.4% in May

    14.06.2016 13:43

    U.S. import price index increases by 1.4% in May

    The U.S. Labor Department released its import and export prices data on Tuesday. The U.S. import price index increased by 1.4% in May, exceeding expectations for a 0.7% rise, after a 0.7% gain in April. It was the largest rise since March 2012.

    April's figure was revised up from a 0.3% increase.

    The rise was mainly driven by higher prices for fuel imports, which jumped 16.2% in May.

    U.S. export prices climbed by 1.1% in May, after a 0.5% rise in April.


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