Import Prices Rise At Fastest Rate In Almost 4 Years As Energy Costs Soar

With survey after survey warning of stagflationary impulses - stagnant growth and higher input prices - today's US import prices will do nothing to assuage those fears as the year-over-year rise of 1.8% is the hottest since March 2012.

This confirmed the end of the 27 month deflationary cycle.

(Click on image to enlarge)

The main drive of the jump is the rise in energy costs as ex-fuel, input prices declined 0.1% YoY.

(Click on image to enlarge)

This is the 25th month in a row of ex-fuel import price declines.