Import Prices Up 0.9%; Export Prices Rise 1.2%

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.

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