Gillespie Research: Import Prices Surge in May

John Williams' Shadow Government Statistics Analysis Behind and Beyond Government Economic Reporting
	Gillespie Research Archives

Import Prices Surge in May - Jun. 10, 2004

According to this morning's release from the Labor Department, May import prices rose 1.6%. The price of petroleum goods surged 10.3% during the period, but the increase in non-petroleum imports also rose a strong 0.4%.

Through May, import prices rose 7.0% year over year, versus 4.6% for the 12 months ended April. Over the three months ended May, they were up at an annual rate of 10.9%, versus a 5.8% rate for the three months ended April.
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