May 13, 2008
April Import Prices Increase
By Matthew L. Brown
The U.S. Import Price Index increased 1.8 percent in April, according to the U.S. Department of Labor .
For the second consecutive month, higher prices for both petroleum and non-petroleum imports contributed to the increase.
April's rise followed a 2.9 percent increase in March. Export prices also increased in April, rising 0.3 percent after advancing at least 1 percent in each of the previous three months.
For the second consecutive month, higher prices for both petroleum and non-petroleum imports contributed to the increase.
April's rise followed a 2.9 percent increase in March. Export prices also increased in April, rising 0.3 percent after advancing at least 1 percent in each of the previous three months.
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