Prior +4.3%Import prices +29.8% vs +31.0% y/y expectedPrior +32.7%This is the first monthly drop in import prices since April 2020, with prices for na
- Prior +4.3%
- Import prices +29.8% vs +31.0% y/y expected
- Prior +32.7%
This is the first monthly drop in import prices since April 2020, with prices for natural gas and crude oil both sliding by roughly 3% compared to August. Overall energy imports were seen 4.0% down relative to the previous month, contributing to the drop. That is perhaps a positive development but the year-on-year readings are still extremely elevated, so it is just a slight comfort.
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