Current: US import prices and export prices higher – tariffs?

At +0.2% the US import prices (July), which are much noted for their impact on inflation, turned out to be higher than expected (forecast was 0.0%; previous month was -0.9%, now revised downwards to -1.1%). US import prices fell by only -1.8% year-on-year (forecast was -2.9%; previous month was -2.0%).

US export prices were also higher than expected at +0.2% (forecast was -0.1%; previous month was -0.7%, now revised upwards to -0.6%). US export prices fell by only -0.9% year-on-year (forecast was -1.4%; previous month’s was -1.6%).

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