US March import prices -0.1% vs +0.0% expected

• Prior was +0.4% (revised to +0.2%)
• Export prices m/m +0.0% vs +0.0% expected
• Prior was +0.1% (revised to +0.5%)
• Import prices y/y +0.9% vs +2.0% prior
• Export prices y/y +2.4% vs +2.1% prior

Lower prices for fuel imports more than offset higher prices for nonfuel imports in March.