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Import Prices Plunge For 9th Month In A Row, Biggest Drop Ex-Fuel Since 2009
US Import Prices fell 10.7% in April (missing expectations of a 9.7% decline) making this the longest streak of YoY declines outside of a recession in history. In fact, YoY Import Prices have only risen 5 times in the last 36 months. This is also the 10th monthly decline in import prices (-0.3% vs +0.3% expectations) with with Food and Beverage prices dropping the most and non-fuel-related import costs dropping the most since 2009 and imports ex-fuel and food fell 2.2% YoY in April. The biggest price deflationary pressures appear to come from ASEAN with overall manufactured goods sliding 0.4% against non-manufactured rising 0.5% in April.
YoY Import Prices have only risen 5 times in the last 36 months...
And before you blame it all on oil prices... not so fast...
Charts: Bloomberg
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Everything went up in price including blow and whores
But mind you, we are in recovery. I read why it missed -- apparently this year we had a couple holidays that we haven't ever had before, but they surprised all economists and caused this -- not the shitty economy. Which holidays are it?
- Spring Break
- Easter
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... www.jobs-review.com
deflationary pressures! oh, fuck no! come on Yellen. time to print another 4 trillion before the peasants actaully catch a break and pay lower prices to match their lower wages.
sometime soon the Chinese will require dollars to be converted to RMB
then the effects of QE will become apparent to even Wall Street economists
who doesn't love a depression!?!??!
Oh crap the peasants will be able to aford fuel and food! No way
Actually no, as those two items are not components in the "Official" inflation calculations.
if this wasn't an entirely manipulated (higher yields objective) treasury bond (futures) market, bond yields would be down 10 basis points this morning, 50 basis points in the last month based on macro.
every time treasury bonds reach short term overbought conditions on intraday 5 minute intervals, within 15 minutes it fully reverses the move and reaches oversold conditions. this should be an unusual occurrence, but it's happening pretty much non-stop, every day since january.
who on their right frame of mind would have such deep pockets or desire to manufacture such un-natural trading moves, even more so on horrendous data that is in direct contradiction of the moves?
this is too manipulated to even grasp. "coincidentally", bill dudley comes out and "lauds" the market for chiding with his "guess" that the FED should raise rates later this year. he must have a very good magic 8-ball or....
Good thing we don't import Beef....which has risen about 30% a year for the last 10 years
Hard to not "blame it on fuel" when "fuel" touches so many phases of the production and/or transportation process for other goods.
Transitory, I'm sure.
Expect a massive green print by EOW, Yellen's coffer is flush http://bloomberg.econoday.com/byshoweventfull.asp?fid=467362&cust=bloomberg-us&year=2015&lid=0&prev=/byweek.asp#top
Why won't those "emerging markets" increase the wages of their own people already?
/s
same as it ever was in this race to the bottom.
markets LOL!!!!!!
Had to keep it going for you buddy.
my sarcasm flag is clear and yes... all animals are created "equal" it's just that some animals are "more equal" than others...
you must be freakin kidding me that the stock market opened up 0.5% on economic data that implies a recession. this is an insult to non-corrupt human beings.