April’s growth of import prices in the United States was lower than predicted taking into account that fallen food prices curbed a hike in oil product prices, meaning that inflation was rising slowly. Import prices went up 0.3% in the previous month, today’s data by the Labor Department shows.
March figures were revised downward to 0.2% decline from keeping level as earlier data had said. In a poll by Reuters analysts had forecasted import prices to go up by 0.5% in April.
Considering gaining oil prices as of late, experts believe prices will rise more in the next months.