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Price Pressures for U.S. Exporters and a Strong Dollar Have Increased Inflation in Foreign Countries

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Abstract

As the higher demand for imported goods during the pandemic has moderated, U.S. export prices have become an important factor in determining inflationary pressures from the United States. As of 2022:Q2, export prices increased by 11.8 percent annualized, far exceeding the historical average of 3.75 percent. Further, 58 percent of the increase in export prices can be attributed to the recent appreciation of the U.S. dollar, while the remaining 42 percent can be attributed to price pressures for U.S. exporters.

Suggested Citation

  • Johannes Matschke & Sai Sattiraju, 2022. "Price Pressures for U.S. Exporters and a Strong Dollar Have Increased Inflation in Foreign Countries," Economic Bulletin, Federal Reserve Bank of Kansas City, issue August 31, pages 1-4, August.
    • Handle: RePEc:fip:fedkeb:94775
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    File URL: https://www.kansascityfed.org/Economic%20Bulletin/documents/9076/EconomicBulletin22MatschkeSattiraju0831.pdf
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    References listed on IDEAS

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    1. Luca Fornaro & Federica Romei, 2022. "Monetary policy during unbalanced global recoveries," Economics Working Papers 1814, Department of Economics and Business, Universitat Pompeu Fabra.
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    More about this item

    Keywords

    Prices; Exports; Inflation;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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