U.S. Import Prices Rise 0.3% in June as Export Prices Post First 0.6% Drop in a Year
Updated
Updated · The FINANCIAL · Jul 18
U.S. Import Prices Rise 0.3% in June as Export Prices Post First 0.6% Drop in a Year
3 articles · Updated · The FINANCIAL · Jul 18
Summary
Import prices rose 0.3% in June after 1.7% in May, while export prices fell 0.6%, their first monthly decline in more than a year, BLS data showed.
Fuel import prices slipped 0.4%, tempering the gain, but nonfuel import prices still climbed 0.4% as industrial supplies, capital goods and consumer goods excluding autos became more expensive.
Export prices weakened because nonagricultural goods fell 0.7%; industrial supplies and materials dropped 2.1%, led by lower petroleum and nonferrous metals prices, even as agricultural export prices edged up 0.2%.
Annual pressures remained strong: import prices were up 7.1% from a year earlier and export prices 10.2%, with imported fuels and lubricants still 44.1% higher.
China stood out among trade partners, with U.S. import prices from China up 0.9% in June—the biggest monthly increase since January 2008—underscoring broader cost pressure beyond energy.