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Thursday, March 28, 2024

Import Prices Drop; 6th Straight Month Of Dis-Inflation

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

While modestly better than expected, Import Prices fell 1.5% year-over-year, down from a 1.3% year-over-year drop for December. This is the sixth month in a row of year-over-year drops in import prices and perhaps even more notably, the last 20 months have seen only 2 months of year-over-year price gains as the Japanese deflation ogre spreads around the world.

Chart: Bloomberg

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