RTRS: U.S. import prices up in April as oil prices jump
U.S. import prices climbed again in April as imported oil prices posted their sharpest jump in more than seven years, the Labor Department reported on Wednesday.
Overall import prices were up 1.6 percent, a second straight monthly increase after a revised 0.2 percent gain in March. Nonetheless, import prices on a year-over-year basis plunged a record 16.3 percent - a sign that inflation is unlikely to be a short-term problem in view of relatively weak global demand.
