The prices paid for imported goods fell 0.5% in April, mainly because of lower oil costs, the U.S. Labor Department said Tuesday
Economists polled by MarketWatch had forecast a 0.5% decline
Excluding fuel, import prices fell by a smaller 0.2% in April
Fuel import prices sank 1.7% last month after a 0.6% drop in March
The drop in import prices in March was revised to show a 0.2% decrease instead of 0.5% as originally reported
Over the past 12 months, import prices are 2.6% lower
The price of U.S.-made goods exported to other nations, meanwhile, declined by 0.7% in April after a revised 0.5% drop in March
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U.S. wholesale prices fall sharply in April
Declining cost of fuel helps to keep inflation low
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