United States (US) April Import Price Declines 0.5%

According to U.S Labour Department, the Price paid for imported goods fall 0.5% in April mainly due to Lowe Oil Cost. Excluding Fuel import price fell by a smaller 0.2% in April. Fuel import price decline 1.7% last month after a 0.6% drop in March. However, over the last 12 months report , U.S import price drops 2.6%. The price of U.S.-made goods exported to other nations, meanwhile, declined by 0.7% in April after a revised 0.5% drop in March.

Source:- Market Watch