US: Import Price Index rises 1.2% in March vs. 1% expected

US Import Price Index rose more than expected in March.
US Dollar Index stays relatively quiet below 92.00.

Eren Sengezer FXStreet

Prices for US imports rose 1.2% in March following an increase of 1.3% in February, the monthly data published by the US Bureau of Labor Statistics revealed on Wednesday. This reading came in higher than the market expectation of 1%. On a yearly basis, the Import Price Index rose 6.9%.

Further details of the publication revealed that the Export Price Index in the same period increased 2.1% and 9.1%, on a monthly and yearly basis, respectively.

Market reaction

The US Dollar Index showed no immediate reaction to this report and was last seen posting small daily losses at 91.75.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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