The US Department of Labor announced April import and export price index data.
Accordingly, the import price index in the country increased by 0.4 percent in April compared to the previous month. Market expectations were for the import price index to increase by 0.3 percent in this period.
The import price index, which increased for the first time since the end of last year due to high fuel costs, decreased by 0.8 percent in March.
The import price index decreased by 4.8 percent in April compared to the same period of the previous year, showing the biggest annual decline since May 2020.
The export price index in the country also increased by 0.2 percent on a monthly basis in April. The export price index, which was in line with market expectations, decreased by 0.6 percent in March.
The export price index decreased by 5.9 percent on an annual basis in April.