HOUSTON, April 14 (Xinhua) -- Both U.S. import and export prices increased in March, the U.S. Department of Labor said on Tuesday.
The price index for U.S. imports rose 1.2 percent in March following a 1.3-percent advance in February and 1.4-percent increase in January. The 4.1-percent increase from December to March was the largest 3-month rise for import prices since the index advanced 5.8 percent in May 2011.
The price index for U.S. imports increased 6.9 percent from March 2020 to March 2021, the largest over-the-year advance in the index since a 6.9-percent rise for the year ended January 2012.
Prices for imports from China increased 0.4 percent in March, after rising 1.1 percent from November to February. Import prices from China increased over the past year, rising 1.8 percent. The March 12-month advance was the largest over-the-year increase since a 1.8-percent rise in April 2012.
Meanwhile, U.S. export prices increased 2.1 percent in March, after a 1.5-percent rise in February and 2.6-percent rise in January. The 6.5-percent advance from December to March was the largest 3-month increase since the index was first published in September 1983.
The price index for U.S. exports rose 9.1 percent from March 2020 to March 2021, the largest over-the-year increase since a 9.4-percent advance in September 2011.
U.S. the price index for exports to China increased 3.5 percent in March, after a 0.9-percent advance the previous month. The March rise was the largest 1-month increase since the index was first published in December 2017, and contributed to an 11.8-percent advance from March 2020 to March 2021. Enditem
