Import Price Index (YoY)

The Import Price Index, released by the US Department of Labor, shows the changes in the price of imported products into the US. The higher the cost of imported goods, the stronger the effect they will have on inflation, resulting in a higher probability of a rate rise. The YoY reading compares the prices of goods in the reference month to the same month a year earlier. Generally, a high reading should be taken as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).