May Import Prices Show No Change Amid Lower Fuel Costs, Tariff Headwinds

‘Businesses have for the most part managed to absorb the cost of the new trade taxes,’ RSM economists said.

Containers are being unloaded in the Port of Rotterdam in Rotterdam, Netherlands, on July 31, 2024. Mihut Savu/The Epoch Times

Prices of imports into the United States remained flat in May, led by a decline in energy costs, according to new data from the Bureau of Labor Statistics released on Tuesday.

Import prices came in at zero percent last month following a 0.1 percent jump in April. The consensus estimate had signaled a 0.2 percent drop.