Hotter than expected Core PPI and CPI prints in the last two days suggested Import Prices may also come in hot but that was not the case as the MoM rise in import prices was just 0.2% (vs +0.4% exp).
Ex-Fuel, import prices rose just 0.1% in October (with Petroleum prices up 1.7% MoM and 14.9% YoY). However that rise in petroleum import prices is notably lower than then +6.3% in September
On the export side, food prices rose 2.2% MoM as Auto prices declined 0.2% MoM.
Year-over-year however, both import and export price growth declined modestly.
China Import prices contonue to slide as it exports deflation around the world…
This is now the lowest since 2007.
"Transitory"
via http://ift.tt/2AKOj7e Tyler Durden