The data published by the U.S. Bureau of Labor Statistics today showed that prices for U.S. imports rose 0.6% in March to surpass the analysts’ estimate of 0.4%.
Key takeaways from the press release
- The increase for the 3 months ended in March was the largest 3-month rise since the index advanced 1.9 percent between October 2017 and January 2018.
- The import price index recorded no change over the past 12 months.
- Both the March and February advances were driven by higher fuel prices.
- Prices for U.S. exports rose 0.7 percent for the second consecutive month in March.
- Both agricultural and nonagricultural prices contributed to the increase.
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