"U.S. import prices decreased 0.4 percent in June following a 0.9-percent advance in May," the U.S. Bureau of Labor Statistics reported on Friday.
Key takeaways from the official publication
- The June decline was the largest monthly drop since the index decreased 0.5 percent in February 2016.
- Despite the downturn in June, overall import prices advanced 4.3 percent between June 2017 and June 2018.
- U.S. export prices increased 0.3 percent in June, after rising 0.6 percent the previous month.
- Prices for overall exports advanced 5.3 percent over the past 12 months, the largest over-the-year increase since the index rose 6.3 percent in October 2011.
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