Economic Report: U.S. import prices climb in May on higher oil costs, signaling end of coronavirus-induced deflation

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The cost of goods imported into the U.S. rose in May for the first time since the coronavirus throttled the economy, reflecting a rebound in oil prices and signaling that a bout of deflation after the pandemic may be coming to an end.

The cost of goods imported into the U.S. rose in May for the first time since the coronavirus throttled the economy, reflecting a rebound in oil prices and signaling that a bout of deflation after the pandemic may be coming to an end.