US Import Prices Tumble, Ex-Fuel Drop Biggest Since 2009 As World Races To Export Its Deflation
by Tyler Durden
ZeroHedge.com
11/10/2015
The global export of deflation continues as import prices to the US dropped 0.5% MoM in October (notably more than expected) and recent history was revised markedly lower with the 7th miss in 2015. Year-over-year, prices also fell more than expected – down 10.5% vs -9.4% exp. – the biggest miss since April and hovering near the weakest in the cycle. This is the 15th month in a row of year-over-year declines in import prices. But most critically, Ex-petroleum, this is the biggest drop in import prices since 2009.
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