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May Import Prices As-MNI Expected -0.3%,....>

US DATA
US DATA: May Import Prices As-MNI Expected -0.3%, -0.3% ex-petro
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- May data show no signs of imported inflation ahead of tariffs
- May import price index -0.3% vs -0.2% exp by BBG, -0.3% MNI.
- Ex-petro import prices -0.3% vs -0.1% exp by BBG; petro -0.9%.
- Import price drops for foods, indust supplies ex petro, cap gds, autos 
- Export prices -0.2%; ex-agriculture -0.2%; agriculture -1.0%.
- Y/Y rates: imports -1.5%; ex petro -1.4%; ex fuel -1.4%
- Imports by origin: Canada -1.0%, EU +0.2%, China -0.1%, Mexico +0.4%
- Import prices from China -1.4% Y/Y, largest drop since Feb 2017

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