An Unwelcome Trade Gift Awaits Trump as Import Inflation Indicates Deficit Gain — Panjiva
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An Unwelcome Trade Gift Awaits Trump as Import Inflation Indicates Deficit Gain

Trade Balance 935 U.S. 5398

Trade price inflation continues to accelerate in the U.S. with the headline import inflation rate reaching 3.3% in November from 2.4% in October. The was driven by food and fuels, but excluding those the underlying rate of 1.4% was still the fastest since April 2012. The headline export price rise was 3.1% by comparison. Rising import price inflation has been a driver of the expanding U.S. trade deficit, which climbed 13% on a year earlier in October. Import volumes via sea climbed 6% in November, while initial port data from California and Virginia indicates exports volumes have lagged ...

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