In June, despite a 30% drop in oil prices, YoY import prices rose 7.1%, and export prices rose 10.2%. This is far more indicative of the price increases U.S. consumers are actually paying than the 3.5% YoY increase in the June CPI and explains why inflation is such a big conern.
June import and export price data suggests inflation is worse than CPI indicates.
In June, despite a 30% drop in oil prices, YoY import prices rose 7.1%, and export prices rose 10.2%. This is far more indicative of the price increases U.S. consumers are actually paying than the 3.5% YoY increase in the June CPI and explains why inflation is such a big conern.
Despite a 30% drop in oil prices in June, YoY import prices rose 7.1%, and export prices rose 10.2%. This is far more indicative of the price increases U.S. consumers are actually paying than the 3.5% YoY increase in the June CPI and explains why inflation is such a big conern.
Despite a 30% drop in oil prices in June, YoY import prices rose 7.1%, and export prices rose 10.2%. This is far more indicative of the price increases U.S. consumers are actually paying than the 3.5% YoY increase in the June CPI and explains why inflation is such a big conern.