US Import Prices fell by 0.3%
US import prices fell 0.3% in February and have not recorded a monthly advance since the index ticked up 0.1% in June 2015. The February decrease followed declines of 1.0% in January and 1.2% in December. The price index for overall imports decreased 6.1% between February 2015 and February 2016. Despite the downward trend over the past 8 months, the 12-month drop recorded in February was the smallest over-the-year decline since the index fell 5.6% for the year ended in December 2014.
Overall export prices decreased 0.4% in February as declining nonagricultural prices more than offset rising agricultural prices. The February decline followed decreases of 0.8% in January and 1.1% in December. The price index for overall exports has not recorded a 1-month increase since the index advanced 0.5% in May 2015. Export prices fell 6.0% over the past year.
Euro is currently being traded few points above 1.1120 level, Sterling is around 1.4280 handle, while Aussie is at 0.7520 area.
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