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Saturday, May 30, 2020 10:41:03 AM EDT

Export Prices ex-ag. Updated 13-Mar-20 09:41AM ET

Import prices declined 0.5% month-over-month in February and were up 0.3% excluding fuel. Export prices were down 1.1%, and down 1.0% excluding agricultural products.

On a year-over-year basis, import prices were down 1.2%, and down 0.7% excluding fuel. Export prices were down 1.3% yr/yr, and down 1.6% excluding agricultural products.

Prices for fuel imports were down 7.7% in February, which was the largest drop since June 2019.

Nonfuel import prices were down 0.7% yr/yr and have not increased on a 12-month basis since December 2018.

Prices for agricultural exports declined 2.7% m/m and were up 0.2% yr/yr.

The key takeaway from the report is that inflation is still missing for the most part in terms of both import and export prices.
Imports, ex-petrol0.3%0.2%0.1%-0.1%-0.3%
Imports, Petrol-7.7%-0.6%1.1%2.2%-1.6%
Exports, ex-agricultural-1.0%0.6%-0.2%-0.1%-0.2%