Import Prices Rise At Fastest Rate In Almost 4 Years As Energy Costs Soar

With survey after survey warning of stagflationary impulses - stagnant growth and higher input prices - today's US import prices will do nothing to assuage those fears as the year-over-year rise of 1.8% is the hottest since March 2012.

This confirmed the end of the 27 month deflationary cycle.

 

The main drive of the jump is the rise in energy costs as ex-fuel, input prices declined 0.1% YoY.

This is the 25th month in a row of ex-fuel import price declines.