Import prices in the U.S. fell by much more than expected in the month of May, according to a report released by the Labor Department on Thursday.
The Labor Department said import prices slid by 0.6 percent in May after rising by a downwardly revised 0.3 percent in April.
Economists had expected import prices to edge down by 0.1 percent compared to the 0.4 percent increase originally reported for the previous month.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.