WASHINGTON — Import prices in April rose 0.9%, higher than economists expected and the largest increase since January, the Labor Department reported yesterday.
Import prices excluding petroleum increased 0.3% in April. Prices excluding petroleum for March fell 0.1%, revised from the 0.2% decline reported last month.
Economists expected import prices to increase 0.8%, according to the median estimate from Thomson Reuters. Import prices for March were revised lower to a 0.5% increase from a 0.7% gain.
Export prices increased 1.2% in April.