With a steep drop in prices for fuel imports offset by an increase in prices for non-fuel imports, the Labor Department released a report on Tuesday showing U.S. import prices were unchanged in the month of May.
The Labor Department said import prices came in flat in May after inching up by 0.1 percent in April. Economists had expected import prices to dip by 0.2 percent.
Meanwhile, the report said the annual rate of import price growth crept up to 0.2 percent in May from 0.1 percent in April.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.