Thursday, May 13, 2010

Import Prices Up 0.9%; Export Prices Up 1.2%

In April, import prices rose 0.9%, following an increase of 0.5% in March. The increase was primarily driven by higher petroleum prices. Still, non-petroleum imports still rose in price significantly, increasing 0.3% over the month. From a year prior, petroleum import prices were up 58.7%, while total import prices were up 11.1%. Excluding energy products, prices were up by a lesser 3.2% on a year-ago basis; however, this is still a significant acceleration from a negative year-over-year change as recently as last November.

Export prices rose 1.2% over the month. From a year prior, export prices were up 5.7%.

10.05.13 (Source: Bureau of Labor Statistics)

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