US December import prices -0.2% versus estimate of 0.2%

content provided with permission by FXStreetRead full post at

  • Import prices prior rose 0.7% month on month, and was 11.7% year on year
  • export prices prior +1.0% revised to +0.8%
  • import prices -0.2%. This was the first monthly decline since the index felt -0.2% in August 2021
  • import prices year on year rose 10.4%. This was the largest calendar year rises since import prices increased 10.6% in 2007.
  • export prices -1.8%. The decline was the largest one month drop since the index fell -3.5% in April 2020
  • export prices rose at 14.7% from the December 2020. This was the largest calendar year increase since the series was first published in 1984

There is some cooling within the data this month, but the year on year increase is have certainly helped contribute to overall inflation in the US.