- Prior month import prices +0.1%
- Prior month export prices 0.1%
- Import prices MoM 0.0% versus -0.2% estimate
- import prices a year on year 0.2% vs 0.1% last month
- Export prices MoM -0.9% vs -0.2% estimate. The biggest negative since May 2023
- Export prices year on year +1.7%
The price of imports (and exports as well are not racing which is good for inflation.
Some details:
- Import fuel prices declined 4.0 percent in May following decreases of 2.6 percent in April
and 3.4 percent in March. The May decrease was the largest monthly decline since the index fell 7.2 percent
in September 2024. - Foods, Feeds, and Beverages: Foods, feeds, and beverages prices fell 0.3 percent in May following decreases of 0.1 percent in each of the 2 previous months.
- Import prices for nonfuel industrial supplies and materials rose 1.3 percent in May, after a 0.4-percent increase in April.
- Prices for each of the major finished goods import categories rose in May. Import capitalgoods prices advanced 0.2 percent in May following a 0.7-percent rise in April.
- The price index for agricultural exports increased 0.2 percent in May following a 0.4-percent rise in April.
- Nonagricultural export prices decreased 1.0 percent in May, after rising 0.1 percent in April.
- Nonagricultural Industrial Supplies and Materials: Nonagricultural industrial supplies and materials prices
declined 3.0 percent in May, after a 0.5-percent drop the previous month. - Prices for each of the major finished goods export categories rose in May. The price index for export capital goods increased 0.4 percent in May, the largest monthly advance since October 2024.
This article was written by Greg Michalowski at www.forexlive.com.
