Data Updates

Data Updates

Keeping you up to date on the latest data releases.

July 2014

  • 07.13.2011
  • Trade Prices
  • In June, U.S. import prices fell 0.5 percent, marking the first monthly decrease since June of last year. Still, import prices are up 13.6 percent on a year-over-year basis, the swiftest growth rate since August 2008. The decrease from June to May was largely driven by declining fuel prices: petroleum fell 1.6 percent and natural gas dropped 1.4 percent. Although petroleum prices declined month-to-month, they were up 49.8 percent on a yearly basis.

    Non-oil import prices fell a modest 0.1 percent, relative to a 0.4 percent increase in May. While June marks the first monthly decline since July 2010, non-oil import prices continue to increase year-over-year (up 4.9 percent). The decrease from May to June can be attributed to a 0.4 percent decline in the prices of nonfuel industrial supplies and materials and a 1.9 percent decrease in foods, feeds, and beverages. The falling prices in these categories offset the effects of increasing prices for automotive vehicle (up 0.3 percent) and consumer goods (up 0.1 percent).

    U.S. export prices rose 0.1 percent in June after falling 0.2 percent in May. Year-over year, export prices rose 9.9 percent marking the largest increase since July 2008. June’s advance was mainly driven by rising agricultural export prices (up 0.7 percent) given that nonagricultural prices remained flat from May to June.