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| April Import Prices (#1) - May. 13, 2005 |
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Summary
Earlier this morning, the Labor Department reported that import prices rose 0.8% during April, aggravated by a 3.1% increase in petroleum prices.
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According to today's release from the Labor Department, import prices registered a 0.8% increase during April, which compares with a revised 2.0% rise during March. (The March increase was originally reported as 1.8% in last month's release.)
Based on today's numbers, the price of petroleum imports rose 3.1% in April. Prices for imports excluding the petroleum component were up 0.4%.
I will publish a more detailed analysis of these numbers either later today or over the weekend.
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