U.S. Import And Exports Prices Climb More Than Expected In May

(RTTNews.com) - Import and export prices in the U.S. both increased by more than anticipated in the month of May, the Labor Department revealed in a report released on Thursday.

The Labor Department said import prices climbed by 0.6 percent in May, matching the upwardly revised increase in April. Economists had expected import prices to rise by 0.5 percent.

Export prices also increased by 0.6 percent in May, matching the growth reported for the previous month. Export prices had been expected to rise by 0.3 percent.

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