Import And Export Prices Jump: Will It Last?

Mish Shedlock
By Mish Shedlock of Mish Talk
Investment Advisor Representative - Sitka Pacific Capital Management •

Import and export prices have been falling for two years. The recent 0.5% surge in import prices is due entirely to a whopping 7.2% jump in fuel prices from September.

Import prices rose 0.5% and export prices 0.2% in October from September according to a BLS report this morning on U.S. Import and Export Price Indexes.

Don’t expect that to last because it was all fuel-based.

(Click on image to enlarge)

import-export-prices-2016-11-15.png (795×473)

Import and export prices have been falling for two years. The recent 0.5% surge in import prices is due entirely to a whopping 7.2% jump in fuel prices from September.

Crude Not Signaling Inflation

(Click on image to enlarge)

crude-2016-11-11.png (649×604)

Crude did jump by $2.00 today to $45.51 but even a rise to $50 would just keep things where they were relative to October. 

More from this Author

Copper Imports Surge The Most In 12 Years In Tariff Front-Running Move

Copper Imports Surge The Most In 12 Years In Tariff Front-Running Move

Mish Shedlock •
ISM Manufacturing Rebound Continues. Price Index Is 71.1 Percent.

ISM Manufacturing Rebound Continues. Price Index Is 71.1 Percent.

Mish Shedlock •
Largest Currency Intervention In History By US And Japan To Support The Yen

Largest Currency Intervention In History By US And Japan To Support The Yen

Mish Shedlock •

Comments

Back to all articles