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

"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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