US Import Prices Plunge 9.4%, Most Since Lehman

Submitted by Tyler Durden on 03/12/2015 08:53 -0400

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

http://www.zerohedge.com/news/2015-03-12/us-import-prices-plunge-94-most-lehman