US Import Prices Tumble, Ex-Fuel Drop Biggest Since 2009 As World Races To Export Its Deflation

US Import Prices Tumble, Ex-Fuel Drop Biggest Since 2009 As World Races To Export Its Deflation

Tyler Durden’s pictureSubmitted by Tyler Durden on 11/10/2015 08:44 -0500
http://www.zerohedge.com/news/2015-11-10/us-import-prices-tumble-again-biggest-miss-6-months

The global export of deflation continues as import prices to the US dropped 0.5% MoM in October (notably more than expected) and recent history was revised markedly lower with the 7th miss in 2015. Year-over-year, prices also fell more than expected – down 10.5% vs -9.4% exp. – the biggest miss since April and hovering near the weakest in the cycle. This is the 15th month in a row of year-over-year declines in import prices.

Yet another miss:

15th month in a row of YoY declines…

But most critically, Ex-petroleum, this is the biggest drop in import prices since 2009…

As the world exports its deflation to America’s shores.

Charts: Bloomberg

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