U.S. imports prices rise 0.9 pct in April

WASHINGTON, May 13 (BestGrowthStock) – U.S. import prices rose a
touch more than expected in April as petroleum prices surged, a
government report showed on Thursday, but a small gain in costs
excluding petroleum pointed to tame inflation pressure.

Import prices increased 0.9 percent after rising a revised
0.5 percent in March, the Labor Department said. Analysts
polled by Reuters had expected import prices to rise 0.8
percent in April from a previously reported 0.7 percent gain.

In the 12 months to April, import prices increased 11.1
percent.

Investing Research
(Reporting by Lucia Mutikani; Editing by Padraic Cassidy)

U.S. imports prices rise 0.9 pct in April