Import prices jumped nearly 11% in the past year. Consumer sentiment is absolutely terrible due to inflation

 Import prices jumped nearly 11% in the past year, helping to fuel U.S. inflation

Over the past year, overall import prices have climbed 10.9%.

Export prices jumped 3% in February — the largest on record — and are up 16.6% in the past year.

Retail sales rose 0.3% in February (not adjusted for inflation), big slowdown from the giant (and upwardly revised) +4.9% increase in January.https://t.co/4wY06160ik pic.twitter.com/TaAi2MMvgD

— Ben Casselman (@bencasselman) March 16, 2022

Consumer sentiment is absolutely terrible. And it's easy to say that it's all about gas prices. Or real wages or something like that. But none of these hard datapoints are really satisfactory, to explain sentiment readings that are well below March 2020.

— Joe Weisenthal (@TheStalwart) March 16, 2022

More Inflation Coming Down the Pike; Producer Prices Up Big Again @schiffgold https://t.co/yk5oD1RBFv

— Peter Schiff (@PeterSchiff) March 16, 2022

Boston top 7!?#RentInflation https://t.co/7t0WINwSJg

— Samantha LaDuc (@SamanthaLaDuc) March 16, 2022

US #natgas storage surplus/deficit to 5yr average

Storage levels have fallen back into a deficit of over 290 Bcf, the largest deficit in nearly three years pic.twitter.com/bBkmJg3mE6

— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) March 16, 2022

⚠️ https://t.co/tZ7kOSZCsB

— IV (@iv_technicals) March 16, 2022