Keeping you up to date on the latest data releases.
- Import and Export Prices
Import prices decreased 0.5 percent in April after falling 0.2 percent in March and rising 0.9 percent in February. Similar to March, April’s falling petroleum prices (down 1.9 percent) were largely responsible for the headline decline. Nonpetroleum prices ticked down 0.1 percent as. On a yearly basis, import prices fell −2.6 percent marking six consecutive months of year-over-year losses. Petroleum prices dropped 9.5 percent year-over-year after dropping a revised 8.4 percent in March (10.4 percent, previously). Nonpetroleum prices fell −0.2 percent on a yearly basis. April’s report shows weakness akin to March with oil prices driving the decline. Import prices will likely remain weak in the months to come due to the soft global economy.