August Import Prices Drop 0.9%; Export Prices Down 0.5%

WASHINGTON — August import prices posted a 0.9% decline, but slipped 0.1% ex-oil. These results were about as expected.

Oil imports were down 4.4% in the largest drop since November 2013 as prices fell for a second month. Auto imports posted a 0.1% rise, in the biggest gain since April.

Export prices posted a 0.5% drop, with ex-agricultural at a 0.3% slide.

Over-the-year import prices were down 0.4% after a little elevation for the prior three months. Over-the-year non-fuel import prices are running up 0.7%, also suggesting modest inflation.

Market News International is a real-time global news service for fixed-income and foreign exchange market professionals. See www.marketnews.com.

Market News International is a real-time global news service for fixed-income and foreign exchange market professionals. See www.marketnews.com.
MORE FROM BOND BUYER