U.S. IMPORT AND EXPORT PRICES SURGE ABOVE EXPECTATIONS

U.S. September trade inflation came in hotter than expected, signaling persistent price pressures.

🔸 Import prices: +1.1% (forecast +0.8%)
🔸 Export prices: +2.2% (forecast +1.0%)
🔸 Import prices YoY: +8.1%
🔸 Export prices YoY: +11.6%
🔸 Petroleum import prices: +4.6%

The key takeaway: Rising energy costs and stronger-than-expected trade prices reinforce inflation concerns ahead of the Fed's October meeting.

Source: U.S. Bureau of Labor Statistics