India, May 16 -- The Labor Department released a report on Friday unexpectedly showing modest increases by U.S. import and export prices in the month of April.
The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.
Economists had expected import prices to decrease by 0.4 percent compared to the 0.1 percent dip originally reported for the previous month.
Meanwhile, the Labor Department said the annual rate of growth by import prices slowed to just 0.1 percent in April from 0.9 percent in March.
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The Labor Department said export prices also inched up by 0.1 percent in April, matching an u...