Import and Export Price Indexes for January 2016

The Labor Department's Bureau of Labor Statistics this morning released its report on US Import and Export Price Indexes for January 2016:

Import Prices
Predicted: -1.4%
Actual: -1.1%

Last Month (revised): -1.1%

Change From 12 Months Ago: -6.2%

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Export Prices
Predicted: -0.6%
Actual: -0.8%

Last Month: -1.1

Change From 12 Months Ago: -5.7%

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The above percentages represent the month-to-month change in prices for:

• Imports: the cost of goods produced in other countries and sold in the United States.
• Exports: the cost of goods produced in the USA and sold in other countries.

Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report.

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