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US Import Prices Plunge 9.4%, Most Since Lehman

Submitted by Tyler Durden on 03/12/2015 08:53 -0400

February Import Prices to the US droped 9.4% YoY - the biggest drop since the month after Lehman's bankruptcy i 2008. January's drop was also revised lower. The YoY drop is dominated by a 43.2% drop in petroleum prices (but MoM in Feb petroleum prices jumped 8.1%). Ex-fuel, import prices fell 1.2% YoY as the price of imported capital goods fell the most since March 2009.

Worst drop since right after Lehman...

as Imported Capital Goods prices collapse...

Charts: Bloomberg

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Thu, 03/12/2015 - 08:54 | 5881002 Last of the Mid...

and the hits keep on coming!

Thu, 03/12/2015 - 08:57 | 5881007 Headbanger

Can't be good for profit margins.

And a real disaster for foreign profits by US corps

Thu, 03/12/2015 - 08:57 | 5881020 cossack55

Whats a profit?

Whats a margin?

Thu, 03/12/2015 - 09:02 | 5881034 Headbanger

Ooops! My bad..

Those are "reality" thingys that don't exist anymore in the New Normal.

Thu, 03/12/2015 - 09:04 | 5881041 Stackers

Speak for yourself. Crashing Euro has been GREAT for my profit margin importing capital goods from EU into US.

Thu, 03/12/2015 - 09:44 | 5881194 SamAdams

Expect more deflation. Maybe buy a Ferrari.

Thu, 03/12/2015 - 09:27 | 5881108 Bangin7GramRocks

"Profits" are something that helps sell your bonds. Not necessary though. Also, never forget that "margins" also help raise more debt. Duh! Any good MBA knows this.

Thu, 03/12/2015 - 08:55 | 5881005 Jonesy

More cheap shit, yeahh for America, greatest nation on earth!

Thu, 03/12/2015 - 08:56 | 5881010 buzzsaw99

import prices plunge, trade deficit soars. the new normal.

Thu, 03/12/2015 - 08:59 | 5881022 valley chick

Once again this has to be BULLISH!!! I see green shoots!! /sarc

Thu, 03/12/2015 - 08:58 | 5881024 Philo Beddoe

Welcome to the shorts gettting their faces ripped off again show. It has been playing in every theater for 6 years.

Thu, 03/12/2015 - 09:12 | 5881061 BlueHen1990

Oh no! In a time of stagnant wage growth, 0% interest rates on savings account, and minimal employment opportunities the American people are being shown....LOWERING PRICES!??!!? AHHHHHHH!!!!!!!

Thu, 03/12/2015 - 09:18 | 5881078 new game

another dead cat bounce that will fade as the day wears on...

down hill from here...

easy call. top put in.

nas 5000 is history.

dow done deal.

shut off the lights.

no face rip this time...

Thu, 03/12/2015 - 09:26 | 5881102 hoist the bs flag

BDI in the toilet and ships still drifting in a harbor, waiting to dock and unload cheap plastic crap from our Commie buddies...correlation? perhaps...

Thu, 03/12/2015 - 09:34 | 5881142 Bush Baby

I'm guessing the reason Ex-Fuel Import Prices are primarily lower is that the manufacturers had reduced energy costs, so virtually the entire drop is directly or indirectly due to cheap oil.

Thu, 03/12/2015 - 10:04 | 5881265 roadhazard

I like deflation.

Thu, 03/12/2015 - 13:34 | 5882151 TalkToLind

Das Rayciss!

Thu, 03/12/2015 - 13:30 | 5882136 ajkreider

And collapsing import prices are bad for a largely domestic economy because . . . . . . oh wait a minute, they aren't!

Thu, 03/12/2015 - 13:44 | 5882162 TalkToLind

I am about to buy a German schrank that is as long as a football field. I'm going to import a house too.

US Import Prices Plunge 9.4%, Most Since Lehman

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