from Zero Hedge
For the 18th month in a row, US Import prices fell YoY (down 6.1% vs expectations of a 6.5% drop). This is the longest deflationary streak since 1999. Under the hood we see the first first rise in prices (ex food, fuel) since May 2014. Fuel price dropped 3.9% – the 8th consecutive drop – and foreign food product prices dropped 2% – the most since Feb 2012. Perhaps most crucially, China’s forced deflationary wave continues to build with the index at its lowest since 2010.
Longest losing streak since 1999…