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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 sourcePublished Thu, May 12, 2016 · 09:50 PM
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.
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