Import and exports prices from the US:
- Prior import prices rose 0.4% (revised to +0.2%)
- Export prices +0.1% m/m vs -0.2% exp
- Prior export prices fell 0.1%
- Import prices -10.5% y/y
- Export prices -6.7% y/u
Surprising to see export prices rise despite the strong dollar. Service exports from the US have been strong and they likely have some pricing power.
There was no reaction in the bond market or anywhere else after this data.
