THE BASIS POINT

Import/Export Prices down but at a Slower rate.

Import and Export Prices (February 2016)

 

– Import Prices month/month -0.3%. Previous was -1.0%
– Export Prices month/month -0.4%. Previous was -0.8%
– Import Prices year/year   -6.1%. Previous was -6.2%
– Export Prices year/year  -6.0%. Previous was -5.7%

The rate of decrease in import and export prices slowed in February which, I suppose, should make the Fed content that their plan to induce higher inflation is working.  Really these prices have almost nothing to do with Fed policy and much to do with an oil supply glut and a weakening world economy.