Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
--Import Prices Ex. Fuels Flat, Ex-Petro Flat
--Import Prices Rise 3.5% Y/Y; Ex-Fuels Up 0.6% Y/Y
--Fuel Prices Up 3.8%, Petroleum Up 4.1%, Natural Gas Down -4.0%
By Harrison Clarke and Shikha Dave
WASHINGTON (MNI) - Import prices were up in September, above the
0.2% gain expected and following a 0.4% decline in August, according to
data released by the Bureau of Labor Statistics Friday.
The data suggest import inflation growth remains mild after
declines in the previous two months. The data set is likely to get more
attention when the full effect of the tariffs can be found in both the
import and export price measures.
Overall fuel prices were up 3.8% in the month, with petroleum
prices up 4.1%, and natural gas prices down 4.0%.
Import prices were flat excluding petroleum and flat excluding all
fuels. There were gains in foods, feeds, and beverages, and industrial
supplies and materials, a flat reading for capital goods and a decline
in consumer goods ex autos.
Overall import prices were up 3.5% year/year in September after a
3.7% year/year gain the previous month. Prices excluding fuels were up
0.6% year/year and prices excluding petroleum were also up 0.6%
--PRICES MIXED AMONG REGIONS
By region, prices for imports from most industrialized countries
were mixed. Import prices from Canada rose 0.7%, due to a 4.4% increase
in non-manufacturing goods that was accompanied by a 0.5% decline in
manufacturing goods. The latter could rise further as the impact of
tariffs is seen.
There were mixed readings in import prices from most other trading
partners. Prices from China fell 0.1%, and prices from the EU fell 0.2%
in the month, while prices from Mexico rose 0.9%.
Total export prices were flat in September despite a 1.4% decline
in agricultural export prices. Export prices excluding agriculture
posted a 0.2% gain. Export prices were up 2.7% from a year earlier, but
down from the 3.6% year/year gain in August. Export prices excluding
agriculture were up 3.3% year/year, while agricultural prices were down
** MNI Washington Bureau: 202-371-2121 **