US Import Prices jumped more than expected in October (rising 0.5% MoM vs +0.1% exp) and export prices rose 0.4% (after no change in Sept).
Import prices ex-food/fuels actually shrank for the 5th month in a row.
On a YoY basis, import and export prices ticked up in October…
Nothing here to spook The Fed from their path of enlightened rate hikes.
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