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August Import Prices Up More Than Expected

Written by

MikeMcD82

August import prices rose 2.0%, the primary driver was a 9.8% increment in fuel import prices during the month.  It is important to note that despite this large increase on a y/y basis import prices are still down 15.0%, albeit far less than the 19.2% drop in July. Factoring out fuel, import prices would have only experienced a 0.4% increment during the month, versus 0.3% last month. The CPI and PPI are set to be releases next week.

Import & Export Prices:

Imports Exports
All Fuel Non-Fuel All Agricultural Non-Agri-
cultural
Aug-08 -3.1% -10.4% 0.2% -1.6% -9.6% -0.7%
Sep-08 -3.6% -11.7% -0.5% -0.8% 0.1% -0.9%
Oct-08 -6.0% -20.8% -0.8% -2.1% -8.4% -1.4%
Nov-08 -7.4% -27.8% -1.7% -3.2% -6.9% -2.8%
Dec-08 -4.6% -22.2% -1.1% -2.2% -6.1% -1.9%
Jan-09 -1.3% -4.7% -0.7% 0.7% 5.9% 0.3%
Feb-09 0.0% 2.7% -0.4% -0.3% -1.7% -0.2%
Mar-09 0.5% 7.8% -0.6% -0.7% -3.4% -0.4%
Apr-09 1.1% 7.5% 0.1% 0.5% 3.7% 0.2%
May-09 1.7% 9.8% 0.2% 0.4% 3.6% 0.3%
Jun-09 2.7% 16.0% 0.2% 1.0% 4.2% 0.6%
Jul-09 -0.7% -2.9% -0.2% -0.3% -4.9% 0.1%
Aug-09 2.0% 9.8% 0.4% 0.7% 0.2% 0.8%
Y/Y -15.0% -39.6% -5.1% -6.1% -14.1% -5.3%

I apologize for my lack of real-time data analysis over the past two days as I have been attending a global transportation conference, but please feel to see my notes from that conference, especially if you have any interest in the North American rail or trucking sectors.

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