Details of US import and export prices for September 2015
- Prior -1.8%. Revised to -1.6%
- -10.7% vs -11.2% exp y/y. Prior -11.4%.Revised to -11.3%
- Export prices -0.7% vs -0.2% exp m/m. Prior -1.4%
- -7.4% vs -7.0% prior y/y
A jump in petroleum import prices this month, +1.1% vs -11.8% in August, is perhaps the surprise. It's still down 46.1% y/y. Food feed and drink fell 0.8% from +0.3% prior and most other prices were pretty flat on the month
Slowly but surely we're seeing prices rising the last few months but we're nowhere near worrying about inflation yet. Small steps though and if the trend develops then those central bank transitory calls are going to start looking good
