Economic Reports 08/10/07
Summary: Import & Export Prices demonstrating stagflation in its full double digit glory.
Import Prices ex-oil Jul +0.2% vs prior +0.2% Full Report
Inside the number: 6th straight increase in import prices. All Imports +1.5% vs prior revised up +0.9%.
Sequentially: Petroleum +7%. Vegetables +9.7%; Food +1.6%; Non manufactured articles +5.7%; Industrial supplies & materials +3.6%.
YOY Food Imports +9.8% largest increase since 1995; YOY ag imports +27.9%
Export Prices ex-ag. Jul FLAT vs prior +0.1%; All exports +0.2% vs prior +0.3%. Yoy Ag exports YOY +22.3%; food +16.5%.
Interesting codicil: Riddle me this Batman? Export oil & gas -10.4%; Import oil & gas +7%.
I guess we're just giving all the oil & gas we rip off from the Iraqi's and the native American's away? Alrighty then.
Import Prices ex-oil Jul +0.2% vs prior +0.2% Full Report
Inside the number: 6th straight increase in import prices. All Imports +1.5% vs prior revised up +0.9%.
Sequentially: Petroleum +7%. Vegetables +9.7%; Food +1.6%; Non manufactured articles +5.7%; Industrial supplies & materials +3.6%.
YOY Food Imports +9.8% largest increase since 1995; YOY ag imports +27.9%
Export Prices ex-ag. Jul FLAT vs prior +0.1%; All exports +0.2% vs prior +0.3%. Yoy Ag exports YOY +22.3%; food +16.5%.
Interesting codicil: Riddle me this Batman? Export oil & gas -10.4%; Import oil & gas +7%.
I guess we're just giving all the oil & gas we rip off from the Iraqi's and the native American's away? Alrighty then.
Comments