US ImExport Preise

verfasst von CRASH_GURU, 14.12.2005, 15:26

-->Import prices fell back sharply in November largely reflecting the sharp month-to-month downturn in oil prices. Import prices fell 1.7% in the month as petroleum prices dropped 8.0%. But prices were also down excluding petroleum, slipping 0.2% in the month and up a tame 2.6% year-on-year. Total year-on-year imports including petroleum are up a nasty 7.0%.

Export prices also dropped sharply, also a plus for the inflation outlook. Export prices fell 0.9% in the month both including and excluding agricultural prices, which fell 0.3%. Export prices are up 2.4% year-on-year.

Petroleum prices are up 30.8% year-on-year despite November's give back, a staggering gain that has had amazingly little effect on final prices or on economic growth. Importantly, today's data point to tame readings for tomorrow's CPI and next week's PPI reports for November. The economy appears to have easily absorbed one-time hurricane effects, a big plus for the economic and interest-rate outlooks.

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• US ImExport Preise - CRASH_GURU, 14.12.2005, 15:26