dji - what a hilarious open, page-2

  1. 3,694 Posts.
    I think this put the frighteners on them.


    Import Prices Post Largest Fall on Record
    Wednesday May 14, 9:04 am ET

    WASHINGTON (Reuters) - U.S. import prices posted a record drop in April, dragged down by a sharp fall in petroleum costs, and by falling prices in a wide range of other categories, the government said on Wednesday in a report that may fan deflation fears.

    Import prices sank 2.7 percent in April, the Labor Department said, far below analyst expectations for a drop of just 0.6 percent. The decline was the largest one month drop in the history of the report and followed an increase of 0.7 percent in March.

    Petroleum prices plunged 16.2 percent, the biggest drop since February 1991. But excluding petroleum, import prices still fell 0.9 percent.

    Prices of nonpetroleum imported industrial materials and supplies fell 5.0 percent, also the largest drop on record.

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