Keeping you up to date on the latest data releases.
- Import Prices
Import prices fell 1.3 percent (nonannualized) in June, the largest decline since December 2008. The drop follows a 0.6 percent decline in May and was led by a 4.4 percent decline in petroleum prices, as nonpetroleum import prices fell by only 0.5 percent. The 12-month growth rates of import prices and nonpetroleum import prices fell for the first time since July 2009, to 4.5 percent and 3.1 percent, respectively. Export prices fell by 0.2 percent in June, their first decline since February. Main factors contributing to the decline were consumer goods excluding automotives prices (−0.6 percent) and capital goods prices (0.4 percent). The 12-month growth rate of export prices fell to 4.3 percent after four consecutive months of increases.