Import and Export prices fell significantly more than expected in October.
Import prices -0.5% MoM (-0.2% exp)
Export prices -0.1% MoM (-0.1% exp)
Not an inflationary picture...
And on a year-over-year basis, the deflationary impulses continue with both import and export prices plunging at their fastest pace in over 3 years...
And all of this is coming as China exports the most deflation since June 2007...
So much for the terror of Trump's tariffs driving drastic inflation in American consumer prices?