December 2014 US import prices -2.5% vs -2.9% exp m/m

• Prior -1.5%. Revised to -1.8%
• -5.5% vs -5.2% exp y/y. Prior -2.3% revised to -3.0%
• Export prices -1.2% vs -1.0% exp m/m. Prior -1.0%. Revised to -0.8%

Largest fall in import prices since Dec 2008, exports since June 2012.

Petroleum imports also at the lowest since Dec 2008 -16.6% vs -9.1% in Nov

US import/export prices details 14 01 2015

US import/export prices yy 14 01 2015