US Import Prices have declined for 28 straight months with November’s 0.1% decline disappointing versus an unchanged expectation. Thanks to some downward revisions however, this is the smallest decline in import prices since July 2014.
Auto prices declined 0.1% after rising 0.3% in Oct, and while Asia Near-East exported the most deflation to US, China exported the most deflation to US since June 2010.
via http://ift.tt/2hIRHpH Tyler Durden