15-May-2026
Economy News
 
US Import Prices Surge in April as Fuels Post Biggest Gain in Four Years
15-May-2026

U.S. import prices surged in April, with the cost of fuels posting the largest increase in four years, another indication that the U.S.-backed war with Iran was boosting inflation. Import prices increased 1.9% last month after an upwardly revised 0.9% rise in March, the Labor Department's Bureau of Labor Statistics said on Thursday. Economists polled by Reuters had forecast import prices, which exclude tariffs, would increase 1.0% after a previously reported 0.8% advance in March.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-14/us-import-prices-surge-in-april-as-fuels-post-biggest-gain-in-four-years