U.S. Import Prices Climb 0.7% In April, Slightly More Than E

U.S. Import Prices Climb 0.7% In April, Slightly More Than Expected


U.S. Import Prices Climb 0.7% In April, Slightly More Than Expected
WASHINGTON (dpa-AFX) - A report released by the Labor Department on Friday showed U.S. import prices increased by slightly more than expected in the month of April.
The Labor Department said import prices climbed by 0.7 percent in April after surging by an upwardly revised 1.4 percent in March.
Economists had expected import prices to increase by 0.6 percent compared to the 1.2 percent jump originally reported for the previous month.
A 0.7 percent rise in non-fuel import prices and a 0.5 percent increase in fuel prices both contributed to the overall advance in import prices.

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