Tuesday, January 26, 2021

US December import value index +0.9% m/m vs +0.7% anticipated

December import costs

  • Prior was +0.1%
  • Ex petroleum +0.4% vs +0.1% exp
  • Export value index +1.1% vs -0.8% m/m anticipated
  • 12 months-over-year import costs -0.3%
  • 12 months-over-year import costs ex petroleum +1.8%
  • 12 months-over-year export costs +0.2%

It is powerful to translate increased import costs into inflation as a result of prices will be absorbed alongside the best way. I would not learn an excessive amount of into this, at the least till we see oil get again to the place it was in 2019.
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