June 2017 U.S. Import and Export Price Indexes — 2017-07-18

U.S. import prices declined 0.2 percent in June, the U.S. Bureau of Labor Statistics reported today, after a 0.1-percent decrease in May. Lower fuel prices drove the drop in June, which more than offset higher nonfuel prices. The price index for U.S. exports fell 0.2 percent in June following a 0.5-percent decline in May. All Imports: Import prices declined 0.2 percent in June. For the second consecutive month the decline was driven by lower fuel prices. Despite the monthly decrease in June, the price index for U.S. imports rose 1.5 percent over the past 12 months. The last over-the-year decline in import prices was a 0.2-percent decrease for the 12-month period ended in October. Fuel Imports: The price index for fuel imports fell for a fourth consecutive month, declining 2.1 percent in June, after decreasing 4.6 percent over the previous 3 months. The main contributor to the drop was a 2.2- percent decline in petroleum prices.