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Friday, December 6, 2019 5:31:53 PM EST

Export Prices ex-ag. Updated 15-Nov-19 09:27AM ET

Import prices for October were down 0.5%. Excluding fuel, they were down 0.2%.

Export prices were down 0.1%. Excluding agricultural products, they were down 0.3%.

Fuel import prices declined 2.9% in October after increasing 1.5% in September.

Agricultural export prices increased 1.9% in October after declining 1.7% in September.

On a year-over-year basis, import prices were down 3.0% (largest yr/yr decline since July 2016) and export prices were down 2.2% (largest yr/yr decline since August 2016).

The key takeaway from the report is that it points to an indolent inflation backdrop.

Imports, ex-petrol-0.2%-0.1%-0.1%0.0%-0.3%
Imports, Petrol-2.9%1.5%-4.4%0.1%-7.8%
Exports, ex-agricultural-0.3%-0.1%-0.3%0.2%-0.9%