U.S. import prices unexpectedly rose in April as a surge in the cost of capital goods offset cheaper energy products.

Broken down by category, some of the sectors most impacted by tariffs saw a price decline from last month, including apparel and used cars and trucks.

The Producer Price Index unexpectedly fell 0.5% M/M in April, compared with the +0.2% expected and 0.0% in March (revised from -0.4%), according to data released by the Bureau of Labor Statistics on Thursday. That translates to a Y/Y gain of 2.4%, as compared to the consensus of +2.5% and +3.4% prior (revised from +2.7%).