Import Goods Prices Rise 1.8%

The price of goods imported to the United States rose 1.8% in April, led by fuel cost increases, the Labor Department said Tuesday.

The gain followed a 2.9% increase in March, Labor said. Prices excluding petroleum rose 1.1%.

Economists had forecast a 1.6% increase, Bloomberg reported.

U.S. export prices gained 0.3%, following a 1.5% increase the previous month, Labor said.