Courtesy of Mish
In February, import prices rose 0.2% in line with the Econoday consensus. Export prices rose 0.3%, slightly more than the consensus estimate of 0.2%.
Revisions took upped January import prices from 0.4% to 0.6% and export prices from 0.1% to 0.2%.
Year-over-year import prices jumped from 3.7% to 4.6% and export prices from 2.3% to 3.1%.
Econoday cites price pressures: “An important sign of pressure comes from the overall year-on-year rate which is at 4.6 percent, its highest level in 5 years, since February 2012.”
That’s a bunch of speculative oil-related nonsense.
As discussed previously, if energy prices continue to rise, there will be price pressures. And if not, there likely won’t.
Monthly Crude Chart
Crude Weekly Chart
