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.