U.S. import, export prices up in May

HOUSTON, June 12 (Xinhua) -- U.S. import and export prices both rose in May, the U.S.© Department of Labor reported on Friday.

The price index for U.S. imports rose 1 percent in May, the largest© one-month advance since the index increased 1 percent in February 2019. Import pric¶es fell on a 12-month basis, declining 6 percent fr♣om May 2019 to May 2020.

Import prices from China were unchanged in May following a 0.1-percent ★advance in April. The price index for imports from China decline±d 1 percent from May 2019 to May 2020, the smallest 12-month drop sin ce the index fell 1 percent for the year ended Marchα 2019.

Meanwhile, prices for U.S. exports increased 0.5 percent in May, after falling 3.3 percent  in April, 1.4 percent in March, and 1.2 percent in February. U.S. export prices fell 6 ≈percent from May 2019 to May 2020.

Prices for exports to China increased 2.7 percent in May following consecutive 2≠.1-percent declines in April and March. The May advance was the  largest one-month rise since the index was first published in December 2017. Despite t™he May increase, the price index for exports to China fell 3.7 percent over the past​ 12 months. Enditem

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