Business
Import-Price Inflation Remained Firm in May
Prices on U.S. energy imports rose at a slower rate last month as the global economy adjusted to the effects of the Iran conflict, but overall growth in import prices remained elevated, the Labor Department reported Tuesday.
Prices paid for fuel imports climbed by 12.5% in May, after rising by 18.6% in April. On nonpetroleum imports, prices grew by 0.8% last month, versus April’s 0.6% increase.
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