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| February Export Prices ex-ag. |
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| Updated: 08-Feb-22 19:13 ET |
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Highlights
- Import prices declined 0.5% month-over-month in February and were up 0.3% excluding fuel. Export prices were down 1.1%, and down 1.0% excluding agricultural products.
- On a year-over-year basis, import prices were down 1.2%, and down 0.7% excluding fuel. Export prices were down 1.3% yr/yr, and down 1.6% excluding agricultural products.
Key Factors
- Prices for fuel imports were down 7.7% in February, which was the largest drop since June 2019.
- Nonfuel import prices were down 0.7% yr/yr and have not increased on a 12-month basis since December 2018.
- Prices for agricultural exports declined 2.7% m/m and were up 0.2% yr/yr.
Big Picture
- The key takeaway from the report is that inflation is still missing for the most part in terms of both import and export prices.
| Category |
FEB |
JAN |
DEC |
NOV |
OCT |
| Imports |
-0.5% |
0.1% |
0.2% |
0.1% |
-0.4% |
| Imports, ex-petrol |
0.3% |
0.2% |
0.1% |
-0.1% |
-0.3% |
| Imports, Petrol |
-7.7% |
-0.6% |
1.1% |
2.2% |
-1.6% |
| Exports |
-1.1% |
0.6% |
-0.2% |
0.1% |
0.0% |
| Exports, ex-agricultural |
-1.0% |
0.6% |
-0.2% |
-0.1% |
-0.2% |
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