US Import Prices Tumble For 25th Month In A Row As China’s Deflationary Impulse Hits Fresh 6 Year Lows
by Tyler Durden
ZeroHedge.com
Sep 14, 2016
Great news America – it’s been over 2 full years since the cost of imported goods rose year-over-year (dropping 2.2%in August as expected). The month-over-month drop of 0.2% was bigger than expected and was the first drop since February as US airfares reportedly tumbled (especially to Europe). China’s deflationary contagion hit fresh 6 year lows but prices from almost every region declined.
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