WASHINGTON — U.S. import prices rose 1.3% and export prices were up 0.8% in March after a revised decline in import prices of 0.1% in February, the Labor Department reported Wednesday.
The February decrease was originally reported as a 0.4% gain.
The March increase, powered by increases in both fuel and non-fuel prices, was greater than the 0.8% median increase projected by economists polled by Thomson Reuters.
The export price rise was the largest increase since a 0.8% gain in April 2011. Export prices rose an unrevised 0.4% in February.
