(MENAFN) On Friday, May. 14 the U.S. Department of Labor stated that both U.S. import and export prices soared last month.
The price indicator for U.S. imports climbed 0.7 percent in the past month after a 1.4-percent rise in March, 1.2-percent climb in February, and 1.5 percent increase in the first month of the year. U.S. import prices climbed 10.6 percent from April last year to April of this year, the greatest over-the-year rise for the index since an 11.1-percent rise for the year concluding October 2011.
Prices for imports from China climbed 0.4 percent last month, after rising 1.5 percent from November to March. Prices for imports from China soared 2.1 percent for the year concluding in April, the greatest 12-month increased since a 2.6-percent climb in March 2012.
In the meantime, U.S. export prices climbed 0.8 percent last month, after rising 2.4 percent in March, 1.6 percent in February, and 2.7 percent in January. The price indicator for U.S. exports has not registered a monthly fall since a 3.5-percent decrease in April last year.
MENAFN16052021000045011361ID1102086186
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.