Prior -0.4%
Looking at the details, the main drag was from energy prices which were down 4.8% compared to July. If you strip that out, import prices were only down by 0.2% on the month with the main drag being from prices for intermediate goods (-0.6%). Comparing to a year ago though, import prices were seen up 0.2% compared to August 2023.
This article was written by Justin Low at www.forexlive.com.
