Economic Buzz: US Import Prices Rise 0.2% In June

18 Jul 2022 , 09:04 AM

With a continued surge in prices for fuel imports partly offset by a decrease in prices for non-fuel imports, the Labor Department released a report showing U.S. import prices crept up by much less than expected in the month of June. Import prices inched up by 0.2 percent in June after climbing by a downwardly revised 0.5 percent in May. Meanwhile, the report showed export prices rose by 0.7 percent in June after surging by an upwardly revised 2.9 percent in May. Powered by Commodity Insights