November export prices grow more than expected, import prices lag

 

• November Import/Export Prices: Import prices +0.1% M/M vs. +0.3% consensus and -0.1% prior.
• Higher fuel prices in November more than offset lower nonfuel prices.
• Y/Y import prices decreased 1.0%.
• Export prices +0.6% M/M vs. +0.3% consensus and +0.2% prior.
• Export prices haven't recorded a monthly decline since falling 3.5% in April. Higher prices for both agricultural exports and nonagricultural exports contributed to the November rise.
• On a Y/Y basis, export prices declined 1.1%.