by Reuters
Kitco
WASHINGTON, April 15 (Reuters) – U.S. import prices unexpectedly fell in March, pulled down by decreasing costs for energy products, the latest indication that inflation was subsiding before President Donald Trump’s sweeping tariffs came into effect.
Import prices dipped 0.1% last month, the first decline since September, after a downwardly revised 0.2% gain in February, the Labor Department’s Bureau of Labor Statistics said on Tuesday. Economists polled by Reuters had forecast import prices, which exclude tariffs, would be unchanged following a previously reported 0.4% increase in February.