June 2014 U.S. Import and Export Price Indexes — 2014-07-15

U.S. import prices advanced 0.1 percent in June following a 0.3-percent rise in May, the U.S. Bureau of Labor Statistics reported today. Higher fuel prices drove the monthly increases for both June and May. Prices for U.S. exports decreased 0.4 percent in June, after ticking up 0.1 percent the previous month. All Imports: The price index for overall imports continued to trend up in 2014, ticking up 0.1 percent in June, after advancing 0.3 percent the previous month. U.S. import prices increased 1.9 percent over the first half of 2014, leading import prices up 1.2 percent for the year ended in June. The year-over-year increase in June was the largest 12-month advance for import prices since the index rose 3.5 percent between March 2011 and March 2012. Fuel Imports: Prices for import fuel increased 1.2 percent in June, after rising 1.6 percent in May.