If the prices for imported items are up over 11% year-over-year (YoY) in April 2011, is the Consumer Price Index at 2.7% understating the real duress for the consumer? Import prices rose 2.2 percent in April following a 2.6 percent advance in March, the first time import prices increased by more than two percent in consecutive …
Tag Archives: agriculture
Likely 9% Price Increase On Goods Americans Buy
If the price of imported and exported items is up over 9% YoY, it is hard to conclude that the general price increase consumers are seeing for goods is any less.
USA Exporting Inflation
Rising agricultural produce prices helped boost export prices for the US while oil boosted import prices. Exports were +8.6% and imports +6.9% YoY in February.