Also, import prices remained down on a 12-month basis, declining 0.1 percent between November 2015 and November 2016.
The chief U.S. economist for Mizuho, a large financial group, provides more statistical insights and also mentions deflation.
Here's an excerpt from a Dec. 13 Barron's article:
"Global deflation remains a powerful force," writes... [the chief U.S. economist for Mizuho].
He points out that non-fuel import prices fell 0.1% in November for a second consecutive month while non-agricultural export prices also fell by 0.1% during the month. U.S. export prices also dipped in November.
Much of this was due to lower fuel prices and fuel prices are much higher now than they were in November thanks to the rise in crude.
Still, [the chief U.S. economist for Mizuho] points out, the strength in the U.S. dollar "opens risk of importing global deflation," he notes.
You can read the entire article by following the link below: