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Saturday, May 25, 2019 2:53:53 PM EDT

Export Prices ex-ag. Updated 14-May-19 09:16AM ET

Import prices increased 0.2% month-over-month and declined 0.1% excluding fuel. Export prices rose 0.2% and were up 0.4% excluding agricultural exports.

On a yr/yr basis, overall import prices declined 0.2%. Excluding fuel, they were down 0.9%. Export prices were up just 0.3%, versus 3.7% for the 12-months ending in April 2018, and up only 0.7% excluding agricultural products, versus 3.9% for the 12 months ending in April 2018.

The price index for fuel imports was up 2.5% in April, led by a 6.1% increase in petroleum prices. Natural gas prices declined 53.7% in April, which was the largest decrease since records for this index began in December 1994.

Falling prices for finished goods and nonfuel industrial supplies and materials were behind the 0.1% decline in the price index for nonfuel imports.

The 0.9% yr/yr decline in April was the largest 12-month drop since August 2016.

The key takeaway is that import prices declined, creating another data point that shows a lack of worrisome inflation pressure.
Imports, ex-petrol-0.1%-0.2%0.1%-0.3%0.0%
Imports, Petrol2.5%6.9%10.2%4.6%-13.3%
Exports, ex-agricultural0.4%0.7%0.7%-0.4%-1.1%