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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: smolejv@gmx.net who wrote (6170)5/12/2004 9:08:18 AM
From: mishedlo  Read Replies (1) of 116555
 
U.S. import prices up 0.2%, smallest gain in 6 months
Wednesday, May 12, 2004 1:45:57 PM

WASHINGTON (AFX) -- Prices of goods and services imported into the United States rose 0.2 percent in April, the smallest gain in six months, the Labor Department said Wednesday. Prices of U.S. exports rose 0.6 percent. Imported petroleum prices fell 0.8 percent, while nonpetroleum import prices rose 0.3 percent. Agricultural export prices rose 2.6 percent. Year-over-year, import prices are up 4.6 percent and export prices are up 4.1 percent as the dollar weakened. In April, prices of non-fuel industrial materials increased 2.2 percent. Imported capital goods prices fell 0.5 percent, the first decline this year. Imports from Japan were unchanged in price, while imports from four other Asian countries rose a record 0.6 percent.
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