Import prices rose 0.4% in April following a downwardly revised 0.8% decline in March (from -0.6%).
Import prices, excluding oil, were flat in April after a 0.5% decline in March.
Export prices rose 0.2% following a downwardly revised 0.6% decline in March (from -0.3%).
Export prices, excluding agriculture, rose 0.2% in April after a revised 0.5% decline in March (from 0.2%).
Import price highlights:
Import prices declined -4.8% on a 12-month basis, largest drop since May 2020.
Fuel Imports: Prices rose 4.5% in April, first monthly increase since June 2022; fell 25.9% over the past year.
Import petroleum prices advanced 5.7% in April, declined 25.7% from April 2022 to April 2023.
Import natural gas prices fell 17.4% in April, decreased 45.7% over the past year (largest decline since April 2015).
All Imports Excluding Fuel: Nonfuel import prices unchanged in April; fell 1.9% over the past 12 months (largest drop since April 2016).
Foods, Feeds, and Beverages: Prices advanced 0.2% in April.
Nonfuel Industrial Supplies and Materials: Prices decreased 0.2% in April.
Finished Goods: Import prices for major categories were mixed in April.
Consumer goods price index rose 0.2%; fell 0.2% from April 2022 to April 2023.
Capital goods price index edged down 0.1%.
Automotive vehicles prices were unchanged in April; rose 1.9% over the past year.
Export price highlights:
Export prices fell 5.9% from April 2022 to April 2023, largest drop since May 2020.
Agricultural Exports: Prices rose 0.4% in April; fell 3.9% over the past year (largest drop since June 2020).
All Exports Excluding Agriculture: Nonagricultural export prices advanced 0.2% in April; declined 6.3% from April 2022 to April 2023 (largest decrease since May 2020).
Nonagricultural Industrial Supplies and Materials: Prices increased 0.2% in April.
Consumer goods prices rose 0.3% in April.
Capital goods prices advanced 0.2% in April.