Higher Fuel Prices Help Push Import Prices up 0.1%

Import prices were up and export prices were down for June, according to a Labor Department report (link opens as PDF) released today.

Import prices increased 0.1% for June after growing 0.3% in May. While rising import prices can be a drain on an economy, June's slight increase isn't alarming and fell well short of analysts' 0.4% expectations. According to the report, higher fuel prices were to blame for both May and June's increase . Import fuel prices grew 1.2%, while non-fuel import prices actually fell 0.1%.

Source: Labor Department 

After increasing 0.1% in May, export prices fell 0.4% in June, clocking in well below analysts' expectations of a 0.2% bump. Agricultural prices fell 1.8% for the largest drop since August 2013, while prices for nonagricultural exports declined 0.3%. 

Source: Labor Department 

On a regional basis, import prices from Japan and China remained steady, while more expensive fuel helped push Canada import prices up 0.6%.

Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. And there's one small company making Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3030027, ~/Articles/ArticleHandler.aspx, 10/22/2014 2:38:33 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!


Advertisement