Import Prices Decline For 28th Straight Month As China Exports Most Deflation Since 2010

US Import Prices have declined for 28 straight months with November's 0.1% decline disappointing versus an unchanged expectation. Thanks to some downward revisions however, this is the smallest decline in import prices since July 2014.

 

Auto prices declined 0.1% after rising 0.3% in Oct, and while Asia Near-East exported the most deflation to US, China exported the most deflation to US since June 2010.

 

Notably Fuel import prices rose 9.1% MoM and is up 9.5% YoY.