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US Import Prices Tumble, Ex-Fuel Drop Biggest Since 2009 As World Races To Export Its Deflation
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.
Yet another miss:
15th month in a row of YoY declines...
But most critically, Ex-petroleum, this is the biggest drop in import prices since 2009...
As the world exports its deflation to America's shores.
Charts: Bloomberg
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I love lower costs!!!
But I'd rather they were domestic.
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.wallstreet34.com
I understand, but some day you sure wont. I don't know you or what you do for a living, but if you do anything that is even remotely attached to the sale of a product then you wont like those prices long. Those lower prices will put millions more Americans out of work. It matters not how little something costs if folks don't have any money to buy anything.
Well...we just need moar QE. Gotta get that inflation to 2% ya know.
Fuck the Fed!!
Fuck this shit show of a country.
The TPP will fix everything!
FORWARD SOVIET!
Comrade, I was told there would be bridge.
Exporting their deflation to our shores while we export our drone strikes on wedding parties and hospital bombings to theirs. Not equal. But just as fucked up.
AKA strong dollar.
Being something of a food bargain hunter (something older folks do), I have noticed that the sale prices for many basic (non-boxed) food items has declined significantly over the past few months.
If you want a whole chicken, you can get it for $0.67/lb and cabbage, $0.12/lb. Baked loaves of French break, $0.79.