US August import price index -0.3% vs +0.3% expected
US import/export prices
- Prior import prices +0.3%
- Import prices +9.0% vs +10.2% prior
- Export prices +0.4% vs +0.5% expected
- Prior export prices +1.3%
There are some small signs of cooling here but import/export inflation has been very high. Much of that is being absorbed rather than passed onto consumers but that won't last forever.