by Mike ‘Mish’ Shedlock
Import prices are down 0.3% for the month, 6.1% in the last 12 months. This is 8th consecutive month of declines. Non-duel import prices have not risen for since July of 2014. That’s 20 consecutive months.
Export prices are down 0.4% in February, 6.0% in the past 12 months. This is the 9th consecutive month of declines.
With rising oil prices, perhaps we see a break in these trends next month.
Let’s dive into the BLS report on Import and Export Prices, for further details.