US import costs for April 0.9% vs 0.3% estimate

• Prior month import prices 0.4% MoM revised to 0.6%.
• Prior month export prices 0.3% MoM revised to 0.1%
• Import prices for April 0.9% vs 0.3% estimate
• Export prices for April 0.5% vs 0.4% estimate
• Import prices for April 1.1% vs 0.4% last month. Highest since December of 2022
• Export price YoY -1.0% vs -1.1% estimate.

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A big spike in the import prices. Not good for the inflation picture.

This article was written by Greg Michalowski at www.forexlive.com.