Import/Export Prices Plunge Most In 3 Years – So Much For Trump Tariff Inflation Terror

Import and Export prices fell significantly more than expected in October.

• Import prices -0.5% MoM (-0.2% exp)

• Export prices -0.1% MoM (-0.1% exp)

Not an inflationary picture…

Source: Bloomberg

And on a year-over-year basis, the deflationary impulses continue with both import and export prices plunging at their fastest pace in over 3 years…

Source: Bloomberg

And all of this is coming as China exports the most deflation since June 2007…

So much for the terror of Trump’s tariffs driving drastic inflation in American consumer prices?