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 …
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.
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.
The good news is that container exports are at historical highs for the month of October, and are at their highest level since 2008, suggesting economic strength. Import container counts are down suggesting weak domestic demand.
Container counts at Long Beach and Los Angeles declined in September from August, but are up from September 2009.