US January import prices +0.8% versus 0.0% expected ...Middle East

rt Prior import prices 0.0% (revised to -0.7%)Export prices +0.8% m/m vs -0.1% expectedPrior export prices -0.9% (revised to -0.7%)These numbers are hot but the pass-through to CPI is tenuous. I would suggest the BLS is struggling with seasonal adjustments. This article was written by Adam Button at www.forexlive.com.

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