U.S. import prices rose 0.2% in September, while export prices fell -0.2%
U.S. import prices rose 0.2% in September, while export prices fell -0.2%. The -0.5% slide in August import prices was revised to -0.2% (July now flat from 0.1%), while the -0.6% export price drop was not revised. On a 12-month basis, import prices posted at -1.6% y/y rate from -1.8% y/y (revised from -2.0% y/y); export prices posted a -1.6% y/y clip versus -1.4% y/y. For more detail, petroleum import prices bounced 2.3%, erasing the -2.3% August decline (revised from -4.8%). Excluding petroleum, import prices were -0.1% lower after a prior unchanged reading. Industrial supplies prices increased 1.2% from -1.1% (revised from -2.1%). Prices with China slide -0.2% from -0.1%, and were 0.6% higher with Canada versus 0.6% (revised from -1.4%). For exports, agricultural prices dropped -1.8% from -2.3% (revised from -2.5%). Excluding ag, export prices edged down -0.1% from -0.3% (revised from -0.4%).