July 2014 US import prices -0.2% vs -0.3% exp m/m

• Prior +0.1%
• 0.8% vs 0.8% exp y/y. Prior 1.2%. Revised to 1.1%
• Export prices 0.0% vs -0.1% exp m/m. Prior -0.4%

Prices still very flat month to month and the slip in year on year import prices keeps the inflation bugs quiet.

Not much to gauge from the breakdown. Food was the biggest riser while petroleum was the main faller.

US import/export details 14 08 2014

US import/export prices 14 08 2014