- Ex-import prices +1.9% (revised to +1.7%)
- Export prices -0.6% vs. -0.4% expected
- Ex-export prices +1.3% (pre-revised +1.2%)
The import numbers diverge in the other direction from CPI and PPI, perhaps highlighting that inflationary pressures are not going away. At the same time, oil prices are near the day’s highs, with Brent now at $86.20 and WTI at $81.
The 7.1% increase in year-on-year import prices was the highest since August 2022.
This article was written by Adam Button on InvestingLive.com.
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