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Export prices increased 0.3 percent in June following a 0.2-percent rise in May and a 0.4-percent advance in April.
The June rise was mostly led by a 2.9-percent increase in agricultural prices, which resumed an upward trend after declining 1.4 percent in April and recording little movement in May.
A sharp rise in soybean prices led the June advance, although higher prices for corn, meat, and agricultural industrial supplies and materials contributed as well. Prices for agricultural exports rose 18.5 percent over the past year.
Nonagricultural prices increased in June by 0.1 percent. For the June 2006-2007 period, nonagricultural prices rose 2.9 percent while overall export prices increased 4.1 percent.
The June advance in nonagricultural prices was driven mostly by a 0.3-percent rise in the price index for nonagricultural industrial supplies and materials. Higher chemicals and fuel prices were the largest contributors to the increase.
These data are from the BLS International Price program. Import and export price data are subject to revision. Learn more in "U.S. Import and Export Price Indexes -- June 2007," (PDF) (TXT) news release USDL 07-1033.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Export prices in June 2007 at https://www.bls.gov/opub/ted/2007/jul/wk3/art02.htm (visited June 03, 2023).