Keeping you up to date on the latest data releases.
Import prices fell −0.2 percent in June, marking four months of consecutive declines. Nonpetroleum prices drove the decrease, falling −0.3 percent while petroleum prices increased 0.2 percent after posting declines for two months. Like overall imports, nonpetroleum prices have now decreased for four consecutive months. On a year-over-year basis, import prices increased 0.2 percent, the first yearly increase since April 2012. Petroleum prices increased as well, rising 2.9 percent relative to last year, also the first yearly increase since April 2012. Nonpetroleum prices fell −0.5 on a yearly basis after falling −0.4 percent in May and −0.2 percent in both March and April. Although petroleum prices showed some firming relative to recent reports, weakness in the global economy continues to weigh down nonpetroleum import prices making June?s report similar to those in April, and May.
Export prices fell −0.1 percent in June, marking four months of consecutive declines as well. On a year-over-year basis, export prices advanced 0.8 percent after falling in both May and April.