By Xavier FontdegloriaThe price of imported goods to the U.S. stabilized in April driven by a drop in oil prices. Import prices were unchanged in April compared with the previous month, down from the 2.9% monthly increase registered in March, according to data from the Labor Department released Friday. U.S. import prices haven't recorded a monthly decline since December 2021, when the index fell 0.4%. On an annual basis, U.S. import prices rose 12% in April, easing from the 13% on-year advance registered in March. Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com(END) Dow Jones NewswiresMay 13, 2022 09:01 ET (13:01 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal May 14, 2022 01:05 UTC