US March import price index +1.2% m/m vs +0.9% expected

• Prior was +1.3%
• Ex petroleum +0.9% m/m vs +0.5% expected
• Prior ex petroleum was +0.5%

This is far down the list of inflation data points but given the market’s laser-focus on pricing at the moment, it’s notable. That kind of import inflation is leads to sticker-shock from companies and price hikes.