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U.S. import, export prices up in April

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HOUSTON, May 14 (Xinhua) — Both U.S. import and export prices increased in April, the U.S. Department of Labor said on Friday.

The price index for U.S. imports rose 0.7 percent in April following a 1.4-percent advance in March, 1.2-percent increase in February, and 1.5 percent rise in January. U.S. import prices rose 10.6 percent from April 2020 to April 2021, the largest over-the-year increase for the index since an 11.1-percent advance for the year ending October 2011.

Prices for imports from China rose 0.4 percent in April, after advancing 1.5 percent from November to March. Prices for imports from China increased 2.1 percent for the year ending in April, the largest 12-month advance since a 2.6-percent rise in March 2012.

Meanwhile, U.S. export prices rose 0.8 percent in April, after increasing 2.4 percent in March, 1.6 percent in February, and 2.7 percent in January. The price index for U.S. exports has not recorded a monthly decline since a 3.5-percent drop in April 2020.

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The price index for U.S. exports rose 14.4 percent for the year ending in April, the largest 12-month increase since the index was first published in September 1983.

U.S. price index for exports to China advanced 0.6 percent in April, after increasing 3.8 percent in March. Export prices to China advanced 16 percent from April 2020 to April 2021, the largest 12-month increase since the index was first published in December 2017.

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