Close | X
Wednesday, February 26, 2020 11:57:46 AM EST

Export Prices ex-ag. Updated 14-Feb-20 09:52AM ET

Import prices were flat month-over-month in January and were up 0.2% excluding fuel. Export prices were up 0.7%, which was also the case excluding agricultural products.

On a year-over-year basis, import prices were up 0.3%, and down 0.9% excluding fuel. Export prices were up 0.5%, and up only 0.2% excluding agricultural products.

Prices for fuel imports were down 2.2% in January, which was the largest drop since last August.

Nonfuel import prices have not increased on a 12-month basis since December 2018.

The 0.2% yr/yr increase in nonagricultural export prices was the first 12-month increase since last April.

The key takeaway from the report is that there were no inflation alarm bells in it for the Federal Reserve.
Imports, ex-petrol0.2%0.2%-0.1%-0.3%-0.1%
Imports, Petrol-2.2%1.7%2.1%-1.6%1.0%
Exports, ex-agricultural0.7%-0.2%-0.1%-0.2%-0.2%