U.S. IMPORT AND EXPORT PRICES SURGE ABOVE EXPECTATIONS
U.S. September trade inflation came in hotter than expected, signaling persistent price pressures.
đ¸ Import prices: +1.1% (forecast +0.8%)
đ¸ Export prices: +2.2% (forecast +1.0%)
đ¸ Import prices YoY: +8.1%
đ¸ Export prices YoY: +11.6%
đ¸ Petroleum import prices: +4.6%
The key takeaway: Rising energy costs and stronger-than-expected trade prices reinforce inflation concerns ahead of the Fed's October meeting.
Source: U.S. Bureau of Labor Statistics