Import prices provide another encouraging inflation sign
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 14 June 2024
⏱️ 1 minutes
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Summary
Import prices in May fell 0.4%; U.S. manufacturers and labor group urge quicker China import tariffs; possible fake titanium used in Airbus, Boeing planes, The New York Times says.
Transcript
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| 0:00.0 | How about another encouraging statistic on inflation? |
| 0:05.0 | I'm Novasafa with the Marketplace Minute. |
| 0:08.0 | Prices for goods imported into the U.S. fell in May for the first time in five months. They were down 4 tenths percent overall. Oil and gas prices led the way. Prices for consumer goods imports fell 2 tenths percent, a change that could show up at retail stores. |
| 0:23.3 | This week we also learned that both the consumer price index and another that measures wholesale |
| 0:27.6 | prices showed signs of moderation. |
| 0:30.9 | A group representing U.S. manufacturers and their employees says there is a threat of a surge of cheap Chinese imports in new and old industries from solar to steel. |
| 0:41.0 | It's calling for an updated trade protection process to impose tariffs |
| 0:44.4 | faster when Chinese imports surge. The New York Times says federal safety regulators |
| 0:50.4 | are probing potentially counterfeit titanium used in both Boeing and Airbus |
| 0:55.2 | planes after a supplier found corrosion. The titanium reportedly came with |
| 0:59.8 | documents which were falsified or inaccurate. |
| 1:03.2 | I'm Novostafo with the Marketplace Minute. |
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