Excerpt: “U.S. imports increased 0.9 percent in April, after advancing 0.6 percent in March, the U.S. Bureau of Labor Statistics reported today. Higher fuel and nonfuel import prices contributed to the overall rise. Prices for U.S. exports increased 0.5 percent in April following a 0.1-percent advance the previous month. … U.S. export prices rose 0.5 percent in April following a 0.1-percent advance in March. Export prices have not decreased on a monthly basis since December 2023. Higher nonagricultural prices in April more than offset lower agricultural prices. Despite the recent increases, the price index for U.S. exports declined 1.0 percent over the past year, the smallest over-the-year drop since February 2023. (See table 2.)”
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