Economic news

U.S. import prices fall short of forecasts in April

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.

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