US April import price index +4.1% vs +3.6% y/y expected

US April import and export prices
– Prior was +4.2% y/y (revised to 4.3%)
– Import price index +0.5% m/m vs +0.1% expected
– Ex-fuels prices up +0.3% m/m
– Petroleum +1.6% m/m
In March, import prices were depressed by the drops in energy prices but it’s been revised higher. The year-over-year prices reflected a 43.8% y/y increase in petroleum prices.