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Import price inflation up to 13.7%

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Import price inflation up to 13.7%

Unread postby heroineworshipper » Fri 22 Feb 2008, 20:00:16

Not covered by the media so here it is.

Import price index had another 1.7% jump in January after the 1.5%, 3.1%, & -0.2% moves since November, bringing us to 13.7% for the year. That was when oil was a dirt cheap $90. Double digits R the new single digits.
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Re: Import price inflation up to 13.7%

Unread postby DoubleD » Fri 22 Feb 2008, 23:59:03

heroineworshipper - could you provide a link to the source of this info? Thanks
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Re: Import price inflation up to 13.7%

Unread postby MrBill » Sat 23 Feb 2008, 06:01:25

$this->bbcode_second_pass_quote('heroineworshipper', 'N')ot covered by the media so here it is.

Import price index had another 1.7% jump in January after the 1.5%, 3.1%, & -0.2% moves since November, bringing us to 13.7% for the year. That was when oil was a dirt cheap $90. Double digits R the new single digits.


Import inflation in JAN was reported in Reuters as well as Bloomberg, but they must of made a mistake because they reported it as 12.7%, but it can be accessed at www.bls.gov

$this->bbcode_second_pass_quote('', 'I')mports

All Commodities:
+1.7% in Jan 2008

Petroleum & Petroleum Products:
+5.5% in Jan 2008

All Imports Excluding Petroleum:
+0.6% in Jan 2008

Exports

All Commodities:
+1.2% in Jan 2008

Agricultural Commodities:
+5.0% in Jan 2008

Nonagricultural Commodities:
+0.8% in Jan 2008


http://www.bls.gov/news.release/ximpim.nr0.htm
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Re: Import price inflation up to 13.7%

Unread postby LoneSnark » Sat 23 Feb 2008, 12:11:19

All import price inflation is caused a drop in the dollar, not high oil prices since oil prices did not go up all that much and it was not caused by domestic inflation since domestic inflation is still a tame less than 4%.
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Re: Import price inflation up to 13.7%

Unread postby Kingcoal » Sat 23 Feb 2008, 15:20:05

So where are we supposed to export this inflation, the moon?
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Re: Import price inflation up to 13.7%

Unread postby mattduke » Sat 23 Feb 2008, 20:20:03

$this->bbcode_second_pass_quote('LoneSnark', 'A')ll import price inflation is caused a drop in the dollar, not high oil prices since oil prices did not go up all that much and it was not caused by domestic inflation since domestic inflation is still a tame less than 4%.

With quotations like that I'd say you are a good candidate for Fed governor. Which fed "district" do you like best?
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