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U.S. ECONOMICS: April Import and Export Prices Decline

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U.S. import prices fell 0.4% in April, with export prices down 1.0%. The 0.6% gain in March import prices was revised to 0.4%. The 0.8% jump in March export prices was revised up to 1.0%. Petroleum import prices declined 0.7% following the 0.1% March gain.

Excluding petroleum, prices slid 0.2%. Import prices with China dipped another 0.1% after falling that much in March, and were down 1.6% with Canada after surging since January. Agricultural export prices rose another 1.4%, but decreased 1.2% excluding agriculture.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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