What Inflation? Export Prices Rise 17.4%, Import Prices Rise 10.8% (Copper And Nickel Fall 4%)

by confoundedinterest17

Ahead of The Federal Reserve meeting today, here are some interesting numbers that they won’t consider. 🙂

The US export price index (end use) for all commodities for 17.43% year-over-year in May. The import price index rose 10.83%.

We were seeing a surge in commodity prices, like lumber and copper.

But today we are seeing some air let out of the commodity tires with copper and nickel both down 4%. Gold and silver are up today.

Here is a Tweet by famed investor (The Big Short) Michael J. Burry.