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…
As China exports the most deflation since July 2007…
So Trump remains right (for now), the US consumer is not paying higher prices due to his tariffs.
Fri, 09/13/2019 – 09:00