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Thursday, July 15, 2021

Import and export prices rise less than expected in June

  • June Import/Export Prices: Import prices +1.0% M/M vs. +1.2% consensus and +1.4% prior (revised from +1.1%).
  • Prices for import fuel rose 4.7% in June following a 5.5% increase in May.
  • Nonfuel import prices increased 0.7% in June after a 0.9% rise in May.
  • Export prices: +1.2% M/M vs. +1.3% consensus and +2.2% prior.
  • The price index for U.S. exports hasn't posted a monthly decline since a 3.5% drop in April 2020.
  • In June, higher prices for both agricultural and nonagricultural exports contributed to the overall advance in export prices.
  • On a Y/Y basis, U.S. export prices rose 16.8%.

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