Chart of the Week: Import Prices as a Leading Inflationary Indicator

Tuesday, November 16, 2004 | 11:24 AM

PPI came in stronger than many economists expected today. However, it is no surprise to readers of Mike Panzer’s research.

His work suggests that import prices are a leading indicator of U.S. inflation. Import prices were up 1.5 percent in October, the 4th consecutive monthly advance and largest increase since May.

Inflation_import_prices
Source: Michael Panzner

This suggests that inflation is far from dormant, courtesy of increasing import prices.


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Tuesday, November 16, 2004 | 11:24 AM | Permalink | Comments (2) | TrackBack (0)
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Comments

Great chart, but it's not necessarily true that any rise in producer prices are 'courtesy of import prices.'

Posted by: cb | Nov 17, 2004 9:38:51 PM

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