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US DATA: Feb import price index rose for the seventh consecutive month.
Overall import prices +0.4%, just above +0.3% exp, and +0.5% ex petro
and +0.5% ex all fuels. The data is unlikely to cause much concern as
PPI and CPI data have already been reported for Feb.
- Import prices ex all fuels were strong across the board, with gains
in all major categories.
- Overall import prices +3.5% y/y, and non-fuel imports +2.1% y/y.
- Export prices +0.2% and were still +0.2% ex. agriculture. Agricultural
export prices +0.6%.