US March import/export price index data (April 12, 2018)
- US import prices unchanged at 0.0% vs 0.1% expected. Prior month revised lower to 0.3% from 0.4%
- Export prices rose 0.3% vs 0.2% expected. The prior month remains at 0.2%
- import prices ex-petroleum of 0.1% versus 0.2% expectations. The prior month revise lower to +0.4% from +0.5%
- import prices year on year 3.6% versus 3.8%. The prior month was revised lower to 3.4% from 3.5%
- export price index your on your 3.4% versus a revised 3.2% (was 3.3%)
The USD has move a little higher off the data.
The Bureau of Labor Statistics reports:
"Import prices recorded no change in March following rises of 0.3 percent in February and 0.8 percent in January. The index has not declined on a monthly basis since decreasing 0.2 percent in July 2017. Prices for U.S. imports rose 3.6 percent between March 2017 and March 2018. The last 12-month decline in import prices was a 0.2-percent drop for the period ended October 2016. "
They add:
"Prices for U.S. exports rose for the ninth consecutive month in March, advancing 0.3 percent. Increasing prices for agricultural exports drove the monthly advance, more than offsetting lower nonagricultural export prices. U.S. export prices increased 3.4 percent over the 12-month period ended in March and have not recorded an over-the-year drop since a 0.2-percent decline in November 2016."
The full report can be found here
