FXStreet — In the United States are the prices for imported goods in April increased more than expected. The import prices rose by 0.5 percent after 0.1 percent in the previous month, according to the U.S. labor Department on Wednesday.
Bank economists had expected only a price increase of 0.2 percent. The increase in the previous month was written by +0.3 percent to 0.1 percent.
For the higher rate of inflation, especially higher petrol prices were responsible.
The export prices rose in April by 0.2 per cent to 0.1 per cent in March.
The prices of exported goods have increased since the August 2016 continuously.
The data is likely to increase the pressure on the Federal Reserve. According to CME FedWatch Tool, a key interest rate increase in June, a foregone conclusion.
** FXStreet News Editorial, FXStreet**
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