- Prior Import -0.2%. Export -0.1% Imports revised to -0.4%
- Year on year Import prices 1.0% Export 0.4%
- Fuel import prices +3.2% vs -0.8% in June
- Non-fuel Imports -0.5% vs -0.7% y/y Largest drop since March 2009
- Motor vehicle and parts Import price -0.5% largest drop since Dec 1992
Very good news from the competitive perspective of US businesses. Different to the UK where producer costs continue to rise and business is finding it difficult to pass on those higher prices. Fuel import prices will be a worry though.
US PPI Chart 13 August 2013
