AI Summary
The pace of the growth in US import prices stabilized in January, as higher prices for non-oil goods offset the decline in energy import prices, according to data released by the US Bureau of Labor Statistics on Thursday.
|
Changes in US Import and Export Prices |
||||
|
Metric |
Estimates |
Prev. Reading |
Current Reading |
Change |
|
Import Prices (MoM) |
-- |
+0.2% |
+0.2% |
-- |
|
Import Prices (YoY) |
-- |
-- |
(0.1%) |
-- |
|
Export Prices (MoM) |
-- |
+0.6% |
+0.6% |
-- |
|
Export Prices (YoY) |
-- |
-- |
+2.6% |
-- |
What does this mean? The steady pace of import price increases suggests that inflationary pressures are still present, particularly due to higher prices for non-energy goods, even though energy import prices have declined.
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