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U.S. Import Prices Edge Up Much Less Than Expected In April

With a drop in prices for non-fuel imports partly offsetting another jump in prices for fuel imports, the Labor Department released a report on Tuesday showing U.S. import prices rose by much less than expected in the month of April.

The Labor Department said import prices edged up by 0.2 percent in April after climbing by 0.6 percent in March. Economists had expected import prices to increase by 0.7 percent.

The report said export prices also rose by 0.2 percent in April following a 0.6 percent increase in the previous month. Export prices had been expected to climb by 0.5 percent.

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