Money
Export Prices Jump 3.3 Percent Monthly, Revealing Domestic Inflation Crisis
The Peter Schiff Show
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"Export prices in April surged by 3.3% in one month. Year-over-year export prices are now up 8.8%. The export prices are more important because that 100% reflects U.S. inflation. This 100% reflects U.S. inflation. Oil prices went up, they're gonna continue to go up, bond yields are gonna continue to go up."
Schiff highlighted April export price data showing a 3.3% monthly surge and 8.8% year-over-year increase, which he argued is a purer measure of U.S. domestic inflation than import prices. Since exported goods are also consumed domestically, these price increases signal broader cost pressures hitting American consumers regardless of trade dynamics.
From this episode
The Peter Schiff Show