Non-energy prices fell 2.5 percent in May, with declines in most main groups, particularly for industrial commodities. Energy prices declined 7.6 percent. During the month, however, many commodity prices plunged in response to heightened concerns about the Euro Area. Between the beginning and end of May, crude oil prices dropped 15 percent, copper 13 percent and cotton 20 percent, partly reflecting an appreciation of the dollar-up 6.5 percent against...
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