May import prices the largest decline in nearly two years

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U.S. Labor Department reported, mainly by the impact of falling oil prices, Import Price Index in May 2012 decreased by 1.0% for the first time since October last year. Also hit the biggest monthly decline since June 2010.
Compared with the same period last year had a reduction of 0.3%, since October 2009 the first time in years minus conditions (increase in the previous month was revised to 0.9%).
 
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