Import Prices Up Over 11% in April 2011

If the prices for imported items are up over 11% year-over-year (YoY) in April 2011, is the Consumer Price Index at 2.7% understating the real duressĀ for the consumer? Import prices rose 2.2 percent in April following a 2.6 percent advance in March, the first time import prices increased by more than two percent in consecutive …