Import prices rise as cost of petroleum products jumps
Last month's increase implies that the disinflationary impulse from a stronger dollar is fading
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
US import prices rose in April for a second straight month as the cost of petroleum products and a range of other goods increased, suggesting inflation could start firming in the months ahead.
The Labor Department said on Thursday that import prices increased 0.3 per cent last month after an upwardly revised 0.3 per cent gain in March. The rise last month reflected a pick-up in oil prices and the dollar's depreciation.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
