Import prices in the U.S. showed a steep drop in the month of March, according to a report released by the Labor Department on Tuesday, while export prices also fell sharply.
The Labor Department said import prices plunged by 2.3 percent in March after falling by a revised 0.7 percent in February. The nosedive reflected the largest monthly drop in import prices since January of 2015.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.