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[Markets] Import/Export Prices Tumble For 4th Month In A Row Import/Export Prices Tumble For 4th Month In A Row

So much for the trade war-driven inflation that anti-Trump-ers have screamed about, both import and export prices in August declined more than expected, extending their annual declines to a fourth straight month.

  • Import prices dropped 0.5% MoM (-2.0% YoY)

  • Export prices dropped 0.6% MoM (-1.4% YoY)

The 4th month in a row of YoY deflation...

Source: Bloomberg

As China exports the most deflation since July 2007...

Source: Bloomberg

So Trump remains right (for now), the US consumer is not paying higher prices due to his tariffs.

Tyler Durden Fri, 09/13/2019 - 09:00
Published:9/13/2019 8:12:53 AM
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