US August import price index -0.3% vs +0.3% expected

US import/export prices

• Prior import prices +0.3%
• Import prices +9.0% vs +10.2% prior
• Export prices +0.4% vs +0.5% expected
• Prior export prices +1.3%

There are some small signs of cooling here but import/export inflation has been very high. Much of that is being absorbed rather than passed onto consumers but that won't last forever.