Keeping you up to date on the latest data releases.
- Import and Export Prices
Import prices rose 0.9 percent (nonannualized) in April, following a 0.5 percent increase in March. The climb is largely due to a 3.3 percent jump in petroleum prices, as nonpetroleum import prices inched up 0.3 percent. Still, the 12-month growth rate of the overall index declined slightly for the third month in a row, from 11.3 percent to 11.1 percent. Nonpetroleum import prices continued to climb on a year-over-year basis after hitting a series low in July 2009, and are up 3.3 percent from last April. Export prices rose 1.2 percent in March, the largest increase since July 2008, pulling the 12-month growth rate up 0.8 percentage point to 5.7 percent. The increase was due to a 1.4 percent rise in the prices of nonagricultural commodities, as agricultural commodities prices fell by 0.7 percent.