US import prices in October fall 0.8% from the previous month, the largest decline in seven months | Reuters

[ワシントン １６日 ロイター] – The US Department of Labor announced on the 16th that the import price index for October was down 0.8% from the previous month, the largest decline in seven months since March. Market estimates compiled by Reuters were for a 0.3% decline excluding tariffs.

Prices for a wide range of items have fallen, demonstrating once again that inflation is slowing.

The import price index for September was revised to 0.4% increase from the previously announced 0.1% increase.

Compared to the same month last year, October’s sales fell by 2.0%, marking the ninth consecutive month of decline. In September, it was down 1.5%.

In October, fuel and lubricant prices fell by 6.3% from the previous month, turning negative. Food, feed and beverages fell by 0.6%. In September, it was down 0.4%.

The core import price index excluding fuel and food fell 0.2% in October. In September, it was down 0.1%.

Capital goods fell 0.2% in October. It was flat in September. Automobiles, parts and engines rose 0.3% in October, widening from 0.1% in September.

Consumer goods excluding automobiles fell 0.1% in October.

The import price index from China was flat, falling 0.1% in September. The October comparison with the same month last year was down 2.8%, the largest rate of decline in 14 years since October 2009.

Export prices fell by 1.1% in October. Both agricultural and non-agricultural products fell. In September, it rose 0.5%. Compared to the same month last year, it was down 4.9%. In September, it was down 4.3%.

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