By Steve Goldstein
WASHINGTON (MarketWatch) -- U.S. import prices dropped 1% in May, the biggest one-month drop since June 2010, the Labor Department said Tuesday. Prices for U.S. imports also decreased over the past 12 months, falling 0.3%, the first year-over-year decline since October 2009. Fuel prices tumbled 4.2%, while nonfuel imports edged down 0.1%.
