US import price index registered its first rise since June 2015, but stayed in the negative territory in annualized terms. Import prices rose 0.2% m/m in March compared to 0.3% drop seen in February. In annualized terms prices crashed by another 6.2%. Import prices ex. food and fuels printed at -0.1% after +0.1% in Feb. It amount to 2.3% y/y drop as underlying deflation continued. Import prices rose from Canada, Mexico and Japan, but fell from the EU and China. For more information, read our latest forex news.