Prices for U.S. imports fell by 0.5 percent in April, following a decline of 0.2 percent in March, the U.S. Bureau of Labor Statistics reported Tuesday. The drop was facilitated by a lowering in fuel and nonfuel imports.
Prices for exports were down 0.7 percent in April, compared to a decline of 0.5 percent in March.
The price index for all imports dropped for the second month in a row in April, after it had risen during the two months prior.
Fuel prices accelerated downward in April, dropping 1.7 percent after having fallen 0.6 percent in March. The price of natural gas was up 6.1 percent, but that was offset by a price drop of 1.9 percent in petroleum prices, the BLS reported.
Nonfuel import prices fell 0.2 percent in April after a 0.1 percent decline in March.
Most Popular Stories
- Slow Week Ahead of December FOMC Meeting
- Hispanics Seek to Grow School Board Members
- GM Bailout Saved 1.2 Million U.S. Jobs, Report Says
- 'Knockout Game': Myth or Menace?
- Questions Remain in Jenni Rivera's Death
- Bitcoin Used to Buy Tesla Car
- Banks Fret as Volcker Vote Approaches
- Paul Walker Fans Pay Respects
- 18 L.A. Sheriff's Deputies Face U.S. Charges
- Yellen Set to Become One of World's Most Powerful Women