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Year-Over-Year Import Prices at Highest Level in Five Years: Inflation Scare or the Real Deal?
mishtalk.com / Mike “Mish” Shedlock / March 9, 2017
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.
The post Year-Over-Year Import Prices at Highest Level in Five Years: Inflation Scare or the Real Deal? appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/03/09/year-over-year-import-prices-at-highest-level-in-five-years-inflation-scare-or-the-real-deal/
