January import/export prices

  • Prior +0.1%
  • Year-over-year prices +3.6% vs +3.0% expected
  • Ex petroleum +0.5% vs +0.1% exp
  • Export price index +0.8% vs +0.3%
  • Export prices +3.4% y/y vs +2.8% prior

There is some inflation in the pipeline and if they US dollar keeps falling, it's going to get worse.

Joe Brusuelas notes that industrial supplies were up 3.1% on the year and 13.7% y/y.