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US DATA
MNI (Washington)
  • October import prices fell 0.1% vs expectations for flat, driven by lower fuel prices, and September was revised down a tenth to 0.2%.
  • It was the first decline since April. YoY import prices -1.0%.
  • Import fuel prices -1.9%, with petroleum -1.0% and natural gas -18.1% (largest drop since June 2019)
  • Nonfuel imports rose 0.1%, adding to previous months increases since April, led by industrial supplies and food and beverage. Consumer goods imports and auto import prices fell -0.2% and -0.1%, respectively.
  • Prices for U.S. exports rose 0.2%, as expected, after rising 0.6% the previous month.
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com