US March import price index 0.0% y/y vs -0.6% y/y expected

US import and export prices

• Prior import price index -1.3% y/y (revised to -0.8%)
• Import price index +0.6% m/m vs +0.4% expected
• Prior m/m index +0.6% (revised to +1.0%)
• Import price index ex petroleum +0.2% m/m vs 0.0% expected

Exports:

• US March export price index +0.6%% y/y vs -0.3% y/y prior
• Export price index +0.7% m/m vs +0.2% expected

This is a lower-tier inflation report and the market is much more concerned with growth than inflation at the moment.