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US Import Prices fell by 0.2%

Wednesday, Sep 14 2016

Prices for U.S. imports fell 0.2 percent in August, the first monthly decrease since the index  fell 0.5 percent in February. Over the 5 months previous to August, import prices advanced 3.1 percent. The  August decline was led by falling fuel prices which decreased for the second consecutive month. The price index for U.S. imports decreased 2.2 percent for the year ended in August, after declining 11.4 percent over  the previous 12-month period.   

U.S. export prices decreased 0.8 percent in August, the first monthly drop since the index  edged down 0.1 percent in March and the largest decline since the index fell 0.9 percent in January. In  August, lower prices for both agricultural and nonagricultural exports contributed to the overall drop in  export prices. The price index for U.S. exports decreased 2.4 percent over the past year, the smallest 12-month decline since the index fell 1.7 percent in November 2014.

 

Euro is currently being traded around 1.1250 area, Sterling is at 1.32 handle, while Aussie is above 0.7480 level.

More in this category: « Eurozone Industrial Production down by 1.1% Aussie little changed after mixed Australian job figures »

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