9.2 C
New York
Thursday, March 28, 2024

US Export Prices Explode At Fastest Pace On Record, Airfares Soaring

Courtesy of ZeroHedge View original post here.

US import and export prices rose more than expected in May (+1.1% MoM and +2.2% MoM respectively). This pushed Export prices up by 17.4% YoY – the highest on record (since 1984) and import prices rose 11.3% YoY – the highest since 2011…

Source: Bloomberg

Under the hood, Import prices ex-food and fuel rose 6% y/y in May

  • Import prices ex-petroleum rose 0.9% m/m after rising 0.7% in April
  • Import prices ex-fuels rose 0.9% m/m after rising 0.7% in April

Industrial supplies prices rose 4.5% after rising 2.4% in April

Auto prices rose 0.1% m/m after rising 0.2% in April

And May airfares to the US rose 13.5% YoY

…you better hope this is transitory!

And China's Credit Impulse suggests it is…

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,451FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x