Import Prices Declined 0.4% in May, Export Prices Down 0.6%

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Import Prices Declined 0.4% in May, Export Prices Down 0.6%

Washington, DC, June 14, 2024- Prices for U.S. imports decreased 0.4% in May following a 0.9% advance the previous month, the U.S. Bureau of Labor Statistics reported. 

Lower fuel and nonfuel import prices contributed to the overall decline. U.S. export prices fell 0.6% in May, after increasing 0.6% in April.