Import Prices Rise 0.9% in April

Export Prices Gain 1.2%

May 13, 2010 9:00 AM, EDT

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The price of goods imported to the United States rose 0.9% in April, led by higher commodities prices, the Labor Department said Thursday.

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The gain followed a revised 0.5% increase in March that was bigger than originally reported.

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The increase was in line with economists’ forecasts, Bloomberg reported. Excluding petroleum, prices rose 0.3%.

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U.S. export prices rose 1.2%, following a 0.7% gain in March, Labor said.

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