You are here: Home » Reuters » News
Business Standard

U.S. import prices, surveys point to moderate inflation

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - U.S. import prices rose less than expected in April as a rebound in the cost of petroleum products was tempered by a drop in food prices, the latest indication that inflation pressures were increasing moderately.The Labor Department said on Friday import prices gained 0.3 percent last month after falling 0.2 percent in March. The report came on the heels of data this week showing benign monthly consumer and wholesale price readings in April."Import prices are consistent with our view that domestic inflation pressures will continue to gradually develop," ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, May 11 2018. 21:39 IST