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    Home » US Import Prices Unchanged in April as Oil Prices Fell
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    US Import Prices Unchanged in April as Oil Prices Fell

    May 13, 20221 Min Read
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    US import prices were unexpectedly the same in April as a fall in the cost of petroleum offset increases in the prices of food and other products.

    • The unchanged figure in import prices comes after a 2.9% surge in March. In the 12 months through April, import prices increased 12.0% after expanding 13.0% in the year through March.
    • Import prices rose 6.8% over the first quarter.  With oil prices increasing further in May, consumer and producer prices are likely to increase.
    • Imported fuel prices fell 2.4% last month after rising 17.3% in March. Petroleum prices fell 2.9% as the cost of imported food rose 0.9%.
    • Prices of imported capital goods increased by 0.4%, marching gains in March. The cost of imported consumer goods, excluding motor vehicles, was unchanged.

    Import prices, excluding volatile food and food prices, rose by 0.4%. These so-called core import prices rose by 1.3% in March. They rose 6.9% on a year-on-year basis in April.

    DXY up +0.08%, EURUSD down -0.07%

    Source: US Bureau of Labor Statistics

     

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