Producer Prices, Import/Export Prices Decline Again; Still Think The Fed Will Hike?

The Fed is struggling like mad to produce inflation, with little success on some fronts. Of course the Fed ignores asset bubbles in its measures.

Import/Export Prices

The Bloomberg Consensus range for export prices was 0.1%. The range for import prices was 0.4%.

Economists were wildly off the mark on both estimates. Both prices declined. Export prices declined more than any economist's guess.

Here are some Import/Export charts from the BLS.

Import Prices M/M and Y/Y

Thanks to a strong dollar, import prices declined for ten consecutive months. Year-over-year, import prices are down nine consecutive months.

Export Prices M/M and Y/Y

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