U.S. import prices climb more than expected in April
The Labor Department said import prices climbed by 0.5% in April after a revised 0.1% uptick in March.
Economists had expected import prices to rise by 0.2% compared to the 0.2% drop originally reported for the previous month.
The report also said export prices edged up by 0.2% in April after inching up by a revised 0.1% in March.
Export prices had been expected to creep up by 0.1% compared to the 0.2% increase that had been reported for the previous month. ■