US Import, Export Prices Tumble As China Exports Most Deflation Since 2007

Zero Hedge | 2/14/2019 | Staff
catcrazy24 (Posted by) Level 4
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With import and export prices growth having slowed almost non-stop for six months - tracking China's collapsing credit impulse - expectations were for a further acceleration in January...

And they did - both import and export prices indices tumbled more than expected into deflationary territory:


Under the hoods:

Import prices ex-fuels fell 0.2% after no change in Dec.

Import - Prices - Ex-petroleum - % - %

Import prices ex-petroleum fell 0.7% after rising 0.3% in Dec.

Import prices ex-food and fuel unchanged y/y in Jan.

Industrial - Supplies - Prices - % - %

Industrial supplies prices fell 1.7% after falling 3.8% in Dec.

Auto prices fell 0.2% after rising 0.1% in...
(Excerpt) Read more at: Zero Hedge
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