mishtalk.com / Mike “Mish” Shedlock / October 13, 2016 8:55:21
Import prices are up 0.1% matching the Econoday Consensus estimate in an unusually wide range of estimates from -0.3% to +0.4%.
Export prices rose 0.3% vs.a consensus 0.1%. This may boost third quarter GDP estimate slightly.
Progress is the theme in September’s import & export price report where emerging pressures may be appearing. Import prices rose 0.1 percent in the month with export prices up 0.3 percent. And year-on-year rates are finally coming up for air, at only minus 1.1 percent for import prices which is the best showing since August 2014. The year-on-year rate for export prices is minus 1.5 percent for their best showing since October 2014.
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