US: Import and Export Prices higher than expected

US import prices beat consensus at 1.1% in February, instead of the 0.5% expected, and increased the pace from January's 0.6%, with annualized data rebounding from -1.3% to -0.3%. Export prices rose from 0.3% to 0.8%, beating 0.3% consensus, with annualized data rising from 1.1% to 1.5%.