US Import Prices Unchanged in April Amid Cooling Fuel Costs

Source: Bureau of Labor Statistics

The import prices in the US remained unchanged in April, after posting a 2.9% gain the previous month. The prices had advanced by 6.8% from December to March. SPY is up +1.64%, DXY is up +0.1%.

• The steady import prices came at the back of falling prices of fuel, while the non-fuel item categories saw gains. Fuel prices were down by 2.4% in April, compared to an increase of 39.2% from December to March. 
• Excluding fuel, the prices rose by 0.4% in April, still slower compared to increases of 1.2% and 0.9% the previous two months.
• In the export category, prices rose by 0.6% in April, slower than an increase of 1.4% in March. The prices had advanced by 10.5% from December to March.