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.
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