US January import prices 2.0% versus 1.3% last month

US import/export prices for January 2022

• prior month -0.4%
• import prices rose 2.0% versus 1.3% estimate
• The January decrease was the largest monthly rise since April 2011
• prices for US imports advanced 10.8% over the past year. The gains were led by higher fuel and non-fuel prices
• export prices rose 2.9% following a 1.6% decline in December. Expectations was for a 1.3% increase
• the January advance was the largest one month rises since monthly percentage changes was first published in January 1989
• higher prices for both agricultural and nonagricultural exports in January contributed to the overall increase
• in export prices the price index for US exports increased 15.1% year on year

The surge in prices is another notch on the inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term belt that the Fed will be focused on going forward.