June 2022 U.S. Import and Export Price Indexes — 2022-07-15

Prices for U.S. imports increased 0.2 percent in June following a 0.5-percent advance the previous month, the U.S. Bureau of Labor Statistics reported today. Higher import fuel prices in June more than offset lower nonfuel prices. U.S. export prices rose 0.7 percent in June, after increasing 2.9 percent in May. The price index for U.S. imports advanced 0.2 percent in June following a 0.5-percent increase in May and a 0.4-percent rise in April. U.S. import prices last recorded a monthly decline in December 2021. The 1.2- percent advance for the second quarter of 2022 was the smallest 3-month increase since a 0.5-percent rise for the third quarter of 2021. Prices for U.S. imports advanced 10.7 percent over the past year. (See table 1.) Fuel Imports: Prices for import fuel rose 5.7 percent in June, after increasing 6.5 percent the previous month. Import fuel prices have not declined on a monthly basis since December 2021.