June 2012 U.S. Import and Export Price Indexes — 2012-07-12

U.S. import prices fell 2.7 percent in June, the U.S. Bureau of Labor Statistics reported today, following a 1.2 percent decrease in May. Lower prices for both fuel and nonfuel imports contributed to the overall decline. U.S. export prices fell 1.7 percent in June after a 0.4 percent drop the previous month. All Imports: Import prices decreased 2.7 percent in June after declining 1.2 percent and 0.1 percent the previous two months. The June drop was the largest monthly decrease since the index fell 4.6 percent in December 2008. The price index for U.S. imports decreased 2.6 percent over the past 12 months, the largest year-over-year decline since the October 2008-09 period. In contrast, import prices rose 13.6 percent for the year ended June 2011. Fuel Imports: Fuel prices declined 10.1 percent in June after recording a 4.6 percent decrease in May and a 0.8 percent drop in April.