Thursday morning, the Labor Department released its report on import and export prices in the month of March. While imports prices increased after trending lower in recent months, export prices continued to fall.

The report showed that import prices rose 0.5 percent in March following a revised 0.1 percent decrease in February. The increase in import prices marks the first price growth in eight months.

At the same time, the Labor Department said that export prices fell 0.6 percent in March after edging down 0.3 percent in the previous month. With the decrease, export prices fell for the seventh time in the past eight months.

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