U.S. import prices up, export prices down in June 2014

July 16, 2014

The price index for overall imports continued to trend up in 2014, ticking up 0.1 percent in June, after advancing 0.3 percent the previous month. U.S. import prices increased 1.9 percent over the first half of 2014, leading import prices up 1.2 percent for the year ended in June. The year-over-year increase in June was the largest 12-month advance for import prices since the index rose 3.5 percent between March 2011 and March 2012.

1-month percent change in the U.S. Import and Export Price Indexes, June 2013–June 2014
MonthImportsExports

Jun 2013

-0.4-0.1

Jul 2013

0.1-0.2

Aug 2013

0.4-0.5

Sep 2013

0.30.4

Oct 2013

-0.6-0.6

Nov 2013

-0.90.2

Dec 2013

0.10.4

Jan 2014

0.40.3

Feb 2014

1.10.8

Mar 2014

0.50.9

Apr 2014

-0.5-1.0

May 2014

0.30.1

Jun 2014

0.1-0.4

 

U.S. export prices fell for the second time in 3 months in June, declining 0.4 percent, after ticking up 0.1 percent in May and falling 1.0 percent in April. In June, lower prices for both agricultural prices and nonagricultural prices contributed to the overall decline. The 1.4-percent drop over the second quarter of 2014 was the largest 3-month decrease since a 1.6-percent drop between February and May 2013. Export prices rose 0.2 percent for the year ended in June.

These data are from the International Price program. Import and export price data are subject to revision. To learn more, see “U.S. Import and Export Price Indexes — June 2014” (HTML) (PDF), news release USDL-14-1309.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, U.S. import prices up, export prices down in June 2014 on the Internet at http://www.bls.gov/opub/ted/2014/ted_20140716.htm (visited December 19, 2014).

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