Definition
A monthly measure of how the prices of goods and services the US buys from other countries are changing.
The story
A store that imports its TVs pays the overseas price, plus shipping, plus any tariff. When that cost goes up, the store can eat it or raise the price on the shelf. Import prices catch the first part of that chain.
Why markets watch it
Rising import costs can feed into consumer prices, especially when tariffs or the dollar change.
Connects to
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms