US March Import Price Index Falls 2.3% Month-on-Month, Exceeding Expectations

[Asia Economy Reporter Son Sunhee] The U.S. import price index for March fell by 2.3% compared to the previous month. This figure exceeded the forecast (-3.2%) but showed a significant increase compared to the previous month's decline (-0.5%).

On the 14th (local time), the U.S. Bureau of Labor Statistics released the export-import price index with these details. Compared to the same period last year, the import price index fell by 4.1%, also exceeding the forecast (-5.0%).

The March export price index decreased by 1.6% compared to the previous month, slightly surpassing the forecast (-1.9%). Compared to the same period last year, it dropped by 3.6%.

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