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Friday, August 23, 2019 10:12:00 PM EDT



Export Prices ex-ag.
Briefing.com Updated 14-Aug-19 09:10AM ET

Import prices rose 0.2% m/m in July, but declined 0.1% excluding fuel. On a yr/yr basis, all import prices were down 1.8%, versus up 4.8% for the 12 months ending in July 2018, while nonfuel import prices declined 1.3% versus a 1.4% increase for the 12 months ending in July 2018.

Export prices were up 0.2% m/m in July. Excluding agricultural exports, prices were also up 0.2%. On a yr/yr basis, all export prices were down 0.9%, versus up 4.3% for the 12 months ending in July 2018, while nonagricultural export prices were down 1.5%, versus up 5.0% for the 12 months ending in July 2018.

Prices for fuel imports jumped 1.8% in July after declining 7.3% in June.

Prices for agricultural exports rose 0.4% in July after increasing 2.5% in June.

The key takeaway from the report is that it doesn't show any inflation, which stands in contrast to the Consumer Price Index for July. Accordingly, it will only serve to confuse the market's perspective on the Fed's read of inflation trends.
 
JULJUNMAYAPRMAR
Imports0.2%-1.1%0.2%0.2%0.6%
Imports, ex-petrol-0.1%-0.3%-0.3%-0.1%-0.2%
Imports, Petrol1.8%-7.3%3.3%1.9%7.2%
Exports0.2%-0.6%-0.3%0.1%0.7%
Exports, ex-agricultural0.2%-1.0%-0.2%0.2%0.7%