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US Import Prices Plunge 9.4%, Most Since Lehman

February Import Prices to the US droped 9.4% YoY - the biggest drop since the month after Lehman's bankruptcy i 2008. January's drop was also revised lower. The YoY drop is dominated by a 43.2% drop in petroleum prices (but MoM in Feb petroleum prices jumped 8.1%). Ex-fuel, import prices fell 1.2% YoY as the price of imported capital goods fell the most since March 2009.

 

Worst drop since right after Lehman...

 

as Imported Capital Goods prices collapse...

 

Charts: Bloomberg