US: Import prices decreased 0.4% in June following May's 0.9% increase

Eren Sengezer FXStreet

"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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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