Finance, US News, Wall Street

US Export Prices Explode At Fastest Pace On Record, Airfares Soaring

US Export Prices Explode At Fastest Pace On Record, Airfares Soaring

US import and export prices rose more than expected in May (+1.1% MoM and +2.2% MoM respectively). This pushed Export prices up by 17.4% YoY – the highest on record (since 1984) and import prices rose 11.3% YoY – the highest since 2011…

Source: Bloomberg

Under the hood, Import prices ex-food and fuel rose 6% y/y in May

  • Import prices ex-petroleum rose 0.9% m/m after rising 0.7% in April
  • Import prices ex-fuels rose 0.9% m/m after rising 0.7% in April

Industrial supplies prices rose 4.5% after rising 2.4% in April

Auto prices rose 0.1% m/m after rising 0.2% in April

And May airfares to the US rose 13.5% YoY

…you better hope this is transitory!

And China’s Credit Impulse suggests it is…

Tyler Durden
Wed, 06/16/2021 – 08:46

Jump To The Original Source

Facebook Comments

Check Also

Wall Street set for higher open as weekly jobless claims fall

Published by Reuters By Shreyashi Sanyal (Reuters) -U.S. ...

Archives