2017 Economic Calendar
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Import and Export Prices  
Released On 2/10/2017 8:30:00 AM For Jan, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Import Prices - M/M change0.4 %0.5 %0.2 %0.0 % to 0.8 %0.4 %
Export Prices - M/M change0.3 %0.4 %0.1 %-0.1 % to 0.2 %0.1 %
Import Prices - Y/Y change1.8 %3.7 %
Export Prices - Y/Y change1.1 %2.3 %

Highlights
Petroleum is lifting import prices which rose 0.4 percent in January for a striking year-on-year rate of 3.7 percent. This is the strongest rate since early in the cycle, back in March 2012. But the gain is isolated to petroleum which jumped 5.2 percent in the month for a year-on-year gain of 61 percent to underscore how easy energy comparisons have become.

Export prices rose 0.1 percent in the month for a year-on-year rate of 2.3 percent which is also the highest since early in the cycle, back in January 2012. Agricultural prices are closely watched on the export side and fell 0.1 percent in the month for a year-on-year rate of only plus 0.8 percent.

By country, import prices are weakest with China, at a year-on-year minus 1.7 percent, with the EU at minus 0.2 percent. Canada is at the top at plus 13.2 percent which reflects energy.

Overall year-on-year rates are improving but cross-border inflation is fundamentally flat right now. Yet recent weakness in the dollar, which makes foreign products more expensive, will work together with oil to support gains for import prices in the months ahead.

Recent History Of This Indicator
Import prices and export prices have been on the rise with both in the year-on-year plus column for the first time since the oil collapse in July 2014. But outside of petroleum and petroleum-related components, pressure in this report has been marginal. The Econoday consensus calls for a modest 0.2 percent increase in January import prices and a 0.1 percent rise for export prices.

Definition
Import price indexes are compiled for the prices of goods that are bought in the United States but produced abroad and export price indexes are compiled for the prices of goods sold abroad but produced domestically. These prices indicate inflationary trends in internationally traded products.  Why Investors Care
 
[Chart]
Yearly changes in import and export prices reveal long term price trends for tradable goods, whether inflationary, disinflationary, or deflationary.
Data Source: Haver Analytics
 
 

2017 Release Schedule
Released On: 1/122/103/94/125/106/157/188/159/1910/1711/1612/14
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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