US Import Prices Tumble, Ex-Fuel Drop Biggest Since 2009 As World Races To Export Its Deflation

Tuesday, November 10, 2015
By Paul Martin

by Tyler Durden

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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