June import/exports price data
- Prior import price index +1.0% m/m
- Import prices -3.8% y/y vs -3.7% expected
- Export prices +1.4% m/m vs +0.8% expected
- Export prices -4.4% y/y vs -6.0% prior
We got June CPI data yesterday so there are no mysteries about current pricing power. The tougher question is how long it will take for prices to return to pre-COVID levels.
