US August import price index -0.3% vs +0.3% expected

US import/export prices

  • Prior import prices +0.3%
  • Import prices +9.0% vs +10.2% prior
  • Export prices +0.4% vs +0.5% expected
  • Prior export prices +1.3%

There are some small signs of cooling here but import/export inflation has been very high. Much of that is being absorbed rather than passed onto consumers but that won't last forever.

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