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Stronger Dollar Starting To Drag Down Import Prices

US OUTLOOK/OPINION

Overlooked in the 0830ET data dump was the lower-than-expected import price numbers, including an 0.4% drop in M/M ex-petroleum import prices, the 2nd consecutive contraction.

  • The stronger dollar is starting to feed through into lower import prices which are clearly rolling over on a Y/Y basis - see chart.

Source: Federal Reserve, BLS, MNI Calculations

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