Import and Export Price Indexes for May 2008

The Labor Department's Bureau of Labor Statistics this morning released its report on US Import and Export Price Indexes for May 2008:

Import Prices 
Predicted: +2.0%
Actual: +2.3%
 
===============

Export Prices
Actual: +0.3%


The above percentages represent the month-to-month change in prices for

• Imports: the cost of goods produced in other countries and sold in the U.S.
  
• Exports: the cost of goods produced in the U.S. and sold in other countries.

Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report.

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