Imported Goods Prices Rise 2.2% in April
The price of goods imported to the United States rose 2.2% in April, led by increases in fuel and food, the Labor Department said Tuesday.
The upturn, which followed a revised 2.6% gain in March, topped economists’ forecasts of a 1.8% increase, Bloomberg reported.
Imported petroleum prices jumped 7.2%, while prices excluding fuel rose 4.3%. Food import prices rose 1.8%.
U.S. export prices rose 1.1% following a 1.5% gain in March, Labor said.
