US December import price index +0.9% m/m vs +0.7% expected

Author: Adam Button | Category: News

December import prices

  • Prior was +0.1%
  • Ex petroleum +0.4% vs +0.1% exp
  • Export price index +1.1% vs -0.8% m/m expected
  • Year-over-year import prices -0.3%
  • Year-over-year import prices ex petroleum +1.8%
  • Year-over-year export prices +0.2%
It's tough to translate higher import prices into inflation because costs can be absorbed along the way. I wouldn't read too much into this, at least until we see oil get back to where it was in 2019.
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