June 2021 U.S. Import and Export Price Indexes — 2021-07-15

U.S. import prices advanced 1.0 percent in June following a 1.4-percent increase in May, the U.S. Bureau of Labor Statistics reported today. Rising prices for fuel and nonfuel imports contributed to both the June and May advances. Prices for U.S. exports increased 1.2 percent in June, after rising 2.2 percent the previous month. The price index for U.S. imports advanced 1.0 percent in June, after increases of 1.4 percent in May, 0.8 percent in April, and 1.5 percent in March. Prices for overall imports rose 11.2 percent for the year ended in June. The June 12-month advance followed an 11.6-percent increase from May 2020 to May 2021, the largest over-the-year rise since September 2011. (See table 1.) Fuel Imports: Prices for import fuel advanced 4.7 percent in June following a 5.5-percent increase the previous month. Higher prices for petroleum and natural gas contributed to both advances.