Supply Chain Research

Export price inflation in the U.S. outpaced inflation in August for the first time since July 2016. Annual inflation of 2.3% for export prices was held back by 0.1% by agriculture, whereas import prices excluding fuel rose by just 1%. Higher fuel prices brought a headline rate of 2.1% due to refineries being closed by Hurricane Irma – Harvey may bring similar in September. Yet, higher export inflation doesn’t mean the trade deficit will fall. National, seaborne imports rose 2% on a year earlier. Furthermore the growth in imports to Californian and Virginian ports outpaced exports by 18% ...