Import Prices Rise 0.9% in April

The price of goods imported to the United States rose 0.9% in April, led by higher commodities prices, the Labor Department said Thursday.

The gain followed a revised 0.5% increase in March that was bigger than originally reported.

The increase was in line with economists’ forecasts, Bloomberg reported. Excluding petroleum, prices rose 0.3%.

U.S. export prices rose 1.2%, following a 0.7% gain in March, Labor said.