US Import, Export Prices Surge to Historic Highs in March

Source: Bureau of Labor Statistics

Import and export prices of the United States both posted double-digit annual growth in March, marking historic highs. QQQ is down 1.10%, while SPY is down 0.33%.

• Import prices for the month increased by 2.6% from February, marking the biggest monthly increase since April 2011.
• Annual import price growth was recorded at 12.5%, the biggest annual jump since September 2011’s 12.7%.
• Fuel import prices for the month recorded an annual growth of 66.7% and a monthly growth of 14.6%.
• Nonfuel import prices increased by 7.5% year-on-year and were up 1.2% versus the previous month.
• Export prices surged by 18.8% versus the previous year, the biggest year-on-year increase since data collection started in September 1984.
• Monthly export price growth was recorded at 4.5%. Also, the highest jump since data collection started in January 1989.
• Prices of agricultural exports surged by 20.8%, and non-agricultural exports by 18.5% year-on-year.