Global| Jan 16 2020Petroleum Drives Import Prices Higher while Export Prices Decline
Summary
• Import prices rose 0.3% in December, driven by a 2.8% jump in fuel prices. Excluding fuels, import prices were unchanged. • Export prices declined 0.2%. Rounding at lower levels of the aggregation of the price index accounted for [...]
• Import prices rose 0.3% in December, driven by a 2.8% jump in fuel prices. Excluding fuels, import prices were unchanged.
• Export prices declined 0.2%. Rounding at lower levels of the aggregation of the price index accounted for the larger decline than the subcomponents.
Import prices rose 0.2% during November (-1.3% year-on-year),
Export prices increased 0.2% in November (-1.3% y/y)..
• Test...........
Import prices rose 0.2% during November (-1.3% year-on-year), Export prices increased 0.2% in November (-1.3% y/y)..
The import and export price series can be found in Haver's USECON database. Detailed figures are available in the USINT database. The expectations figure from the Action Economics Forecast Survey is in the AS1REPNA database.
| Import/Export Prices (NSA, %) | Dec | Nov | Oct | Dec Y/Y | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Imports - All Commodities | 0.3 | 0.1 | -0.4 | 0.5 | -1.3 | 3.1 | 2.9 |
| Fuels | 2.8 | 1.3 | -1.7 | 19.3 | -2.1 | 20.8 | 25.6 |
| Nonfuels | 0.0 | -0.1 | -0.2 | -1.4 | -1.1 | 1.3 | 1.0 |
| Exports - All Commodities | -0.2 | 0.2 | 0.0 | -0.7 | -0.8 | 3.4 | 2.4 |
| Agricultural | -0.1 | 2.2 | 1.7 | -1.3 | -0.5 | 0.6 | 1.5 |
| Nonagricultural | -0.1 | 0.0 | -0.2 | -0.6 | -0.9 | 3.7 | 2.5 |
Gerald D. Cohen
AuthorMore in Author Profile »Gerald Cohen provides strategic vision and leadership of the translational economic research and policy initiatives at the Kenan Institute of Private Enterprise.
He has worked in both the public and private sectors focusing on the intersection between financial markets and economic fundamentals. He was a Senior Economist at Haver Analytics from January 2019 to February 2021. During the Obama Administration Gerald was Deputy Assistant Secretary for Macroeconomic Analysis at the U.S. Department of Treasury where he helped formulate and evaluate the impact of policy proposals on the U.S. economy. Prior to Treasury, he co-managed a global macro fund at Ziff Brothers Investments.
Gerald holds a bachelor’s of science from the Massachusetts Institute of Technology and a Ph.D. in Economics from Harvard University and is a contributing author to 30-Second Money as well as a co-author of Political Cycles and the Macroeconomy.
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