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May Import Price Index Preview - 08:30......>

US DATA
US DATA: May Import Price Index Preview - 08:30 EDT/13:30 BST
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- Import prices are expected to fall by 0.2% in May based on the Bloomberg
consensus and by 0.3% based on an MNI survey of analysts. This follows gains in
the previous four months.
- Energy prices have been the key factor in the recent gains in headline import
prices, and will be a main reason for the headline decline in May.
- Outside of energy prices, analysts will be looking for any signs of
tariff-related price increases. The non-fuels category has been on a downward
trend since mid-2018, with only three monthly increases in the last 12 months
and a 0.9% year/year decline in April. 

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