Monitor US Import Prices m/m to gauge early inflation trends affecting businesses and consumers reliant on imports.
This data impacts inflation for both businesses and consumers, particularly those dependent on imported goods and services. It is the first inflation report released by the government.
What it Measures
Tracks changes in the prices of imported goods and services that are bought domestically.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it tends to be favorable for the currency.
Source & Frequency
Bureau of Labor Statistics (latest release) - https://www.bls.gov/ • Published monthly, roughly 16 days after the end of each month.
How Data is Derived
N/A
Also Known As
Import Price Index
Acronym
N/A