(Reuters) - Imported petroleum prices climbed 2.7 percent in May, the
fourth straight monthly gain, after a bigger 6.6 percent rise
in April. But the department said that while prices were up
over the last several months, they were down 4.6 percent over
the past twelve months.
Excluding petroleum, import prices - which are monitored
closely by Federal Reserve policy-makers as a potential source
of inflation -- edged up 0.5 percent after a 0.3 percent gain a
month earlier.
Read more at Reuters.com Economic News
fourth straight monthly gain, after a bigger 6.6 percent rise
in April. But the department said that while prices were up
over the last several months, they were down 4.6 percent over
the past twelve months.
Excluding petroleum, import prices - which are monitored
closely by Federal Reserve policy-makers as a potential source
of inflation -- edged up 0.5 percent after a 0.3 percent gain a
month earlier.
Read more at Reuters.com Economic News
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