US DATA: July import prices +0.3% vs. -0.6% in June (revised from
-0.5%). Total import prices +14.0% y/y, largest gain since Aug. 2007 to
Aug. 2008 period. Rising prices for both fuel and non-fuel imports
contributed to overall increase. Fuel import prices +0.4% (+45.5% y/y).
Non-fuel +0.2% (+5.5% y/y – largest 12-month rise since the Sept.
2007-2008 period). Import prices ex-petro +0.2%; Petro imports +0.6%;
food +0.5% and +17.8% y/y. Industrial supplies import prices +0.4%.
Prices of imports from Canada +0.1%; EU +0.6%; China +0.4%, Mexico
-0.6%. July US export prices -0.4% (first decrease since July 2010) vs.
+0.1% in June. Export prices +9.8% y/y.