June 2011 U.S. Import and Export Price Indexes — 2011-07-13

U.S. import prices fell 0.5 percent in June, the U.S. Bureau of Labor Statistics reported today, the first monthly decline since June 2010. Declining fuel and nonfuel prices both contributed to the overall decrease. U.S. export prices ticked up 0.1 percent in June after rising 0.2 percent in May. All Imports: Import prices decreased 0.5 percent in June following a 0.1 percent uptick the previous month. The June drop was the first monthly decline since the index fell 1.2 percent in June 2010. Prior to May, import prices rose at least one percent in each of the previous seven months. Import prices increased 13.6 percent for the year ended in June, the largest year-over-year advance since the index rose 18.1 percent between August 2007 and August 2008. Fuel Imports: Fuel prices fell for the second consecutive month in June, decreasing 1.6 percent following a 0.8 percent drop in May.