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U.S. import prices climb more than expected in April

Staff Writer |
Import prices in the U.S. rose by more than expected in the month of April, according to a report released by the Labor Department on Wednesday, with the increase partly reflecting a rebound in prices for fuel imports.

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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.

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