US April import prices 0.0% m/m vs +0.6% expected

  • Import/export price data
  • Prior +2.6% (revised to +2.9%)
  • Export prices +0.6% m/m vs +0.7% expected
  • Import prices +12.0% y/y
  • Prior import prices +12.5% y/y (revised to +13.0%)

The monthly number is a sign that the stronger US dollar may be dampening import inflation, though some of that is mitigated by the revision higher in the prior.

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