US Import Prices Have First Drop Since April; Price Of Imported Cars Plunges Most Since 1992

In July, the rest of the world once again succeeded in exporting its deflation to the US, confirmed by a -0.2% drop in the Import Price Index, its first decline since April following a 0.1% increase in June, if just a fraction better than than the -0.3% consensus.This was also a 0.8% increase Y/Y,…

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US Import Prices Have First Drop Since April; Price Of Imported Cars Plunges Most Since 1992