Prices of U.S. Goods Imports Decrease by Most in Two Years

http://www.bloomberg.com/news/2012-06-12/prices-of-goods-imported-into-u-s-drop-by-most-in-two-years.html

rices of goods imported into the U.S. fell in May by the most in almost two years, reflecting lower costs for fuel and food.
The 1 percent decrease in the import-price index, the biggest since June 2010, follows an unchanged reading in April, Labor Department figures showed today in Washington. The drop matched the median forecast in a Bloomberg News survey. Prices excluding fuel fell 0.1 percent.
Slowing economies overseas may reduce demand for raw materials, holding prices in check while energy costs retreat. A “subdued” inflation outlook gives Federal Reserve officials more room to ease monetary policy to spur U.S. economic growth.