HALISTER1: U.S. ECO PREVIEW: Import Prices Due in 5 Minutes

U.S. ECO PREVIEW: Import Prices Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Import prices -0.2% m/m; range -1% to 0.1% (37 estimates)
  • Import prices ex-petro 0% m/m; range -0.1% to 0.2% (7 estimates)
  • Import prices 1.3% y/y; range 1.1% to 3.4% (9 estimates)
    • "The renewed focus on inflation below the Fed’s target will direct greater attention toward key inputs, including import prices. A strengthening trend in the trade-weighted dollar over the past few years has constrained import prices -- which in fact declined for most of 2015 and 2016": Bloomberg Intelligence
    • In May, the import price index fell 0.3 percent, the second decline in three months; year-over-year the index dropped 0.2 percent
  • Export prices 0% m/m; range -0.7% to 0.2% (9 estimates)
To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

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