October Import/Export Prices: Import prices -0.1% M/M vs. +0.2% consensus and +0.2% prior (revised from +0.3%).
October decline in import prices was driven by lower fuel prices, which more than offset higher nonfuel prices.
U.S. import prices fell 1.0% for the year ended in October.
Export prices +0.2% M/M vs. +0.3% consensus and +0.6% prior.
U.S. export prices declined 1.6% for the year ended October.
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