After comfortingly disappointing (for the ‘patient’ Fed) CPI and PPI data, import and export prices beat expectations in February (both rising 0.6% MoM) – the largest monthly increase since May.
However, on a year-over-year basis – despite the modest rebound – import and export prices are decidedly non-inflationary…
Import prices YoY are down 1.3% and Export prices YoY are up just 0.3%
However, China continues to push the most disinflationary price pressure since Nov 2007…
via ZeroHedge News https://ift.tt/2XXZc1S Tyler Durden