U.S. import prices decline 0.5% in April
2013-05-15 14:34:07
The prices paid for imported goods fell 0.5% in April, mainly because of lower oil costs, the U.S. Labor Department said Tuesday. Economists polled by MarketWatch had forecast a 0.5% decline. Excluding fuel, import prices fell by a smaller 0.2% in April. Fuel import prices sank 1.7% last month after a 0.6% drop in March. The drop in import prices in March was revised to show a 0.2% decrease instead of 0.5% as originally reported. Over the past 12 months, import prices are 2.6% lower. The price of U.S.-made goods exported to other nations, meanwhile, declined by 0.7% in April after a revised 0.5% drop in March.