Market Updates
U.S. Import and Export Prices Rebounded In April
Brian Turner
12 May, 2023
New York City
U.S. Import prices in April rose 0.4% form the previous month, the U.S. Bureau of Labor Statistics reported Friday.
Import prices rose for the first time in four months and increased to the most since May 2022. Import prices of fuel increased 4.5% after 5.7% higher petroleum costs and 17.4% decline in natural gas prices.
On a yearly basis, import prices declined 4.8% in April, matching the rate in March.
Nonfuel import prices were unchanged in April, after decreasing 0.5% the previous month. Foods, feeds, and beverages prices increased 0.2% in April following a 0.9% decline in March.
U.S. export prices increased 0.2% in April, after declining 0.6% in the previous month.
Higher prices for nonagricultural exports and agricultural exports in April each contributed to the overall increase.
The price index for U.S. exports fell 5.9% from a year ago in April, the largest over-the-year drop since a 6.7% fall in May 2020.
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