U.S. Import Prices
Chart of the Week for December 14, 2018 - December 20, 2018
On a monthly basis the U.S. Bureau of Labor Statistics publishes an index that measures the price change of products purchased from other countries by U.S. businesses. The chart above shows the monthly percentage change in the index from November 2017 through November 2018.
The November 2018 index showed a decrease of -1.6% from October 2018, which was the largest decline since January 2015. The November decrease was largely due to a decrease in the global price of oil. On a year-over-year basis import prices have increased 0.7%. Import prices have been closely watched in 2018 as they are a leading indicator of potential inflation and monitored for interest rate implications by the U.S Federal Reserve Board ("Fed"). Some economists noted the November decrease may be sign of lower risk of inflation, which could impact the Fed's interest rate policy leading into 2019.
Posted by: sarah_oz@yahoo.com
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