June 2016 U.S. Import and Export Price Indexes — 2016-07-13

U.S. import prices rose 0.2 percent in June, after rising 1.4 percent in May, the U.S. Bureau of Labor Statistics reported today. The June advance was driven by higher fuel prices which more than offset a decline in nonfuel prices. Prices for U.S. exports also increased in June, rising 0.8 percent following advances of 1.2 percent in May and 0.4 percent in April. All Imports: Prices for U.S. imports continued to trend up in June, rising 0.2 percent, after increasing 2.6 percent between February and May. That was the largest 3-month rise since import prices increased 5.8 percent between February and May 2011. Most of the recent increase in import prices was led by higher fuel prices. Despite the recent advances, import prices remain down on a 12-month basis, falling 4.8 percent for the year ended in June.