Import and export prices in June 2011
July 15, 2011
Export prices continued to rise in June, ticking up 0.1 percent after a 0.2-percent increase the previous month. The recent increases were the smallest since the index declined 0.2 percent in July 2010.
Import prices decreased 0.5 percent in June, following a 0.1 percent uptick the previous month. The June drop was the first monthly decline since the index fell 1.2 percent in June 2010. Prior to May, import prices rose at least one percent in each of the previous seven months.
Import fuel prices fell for the second consecutive month in June, decreasing 1.6 percent following a 0.8-percent drop in May. The decrease in fuel prices accounted for most of the June decline in overall import prices. Despite the declines over the past two months, fuel prices rose 46.9 percent over the past year.
The price index for imports excluding fuel edged down 0.1 percent in June, the first monthly decline for the index since a 0.3-percent decrease in July 2010.
Agricultural prices resumed an upward trend in June, rising 0.7 percent following a 2.0-percent downturn in May. Contributing to the June increase in agricultural prices, were higher prices for corn, soybeans, and wheat, up 3.2 percent, 2.3 percent, and 4.4 percent, respectively.
The price index for nonagricultural goods was unchanged in June after rising 0.5 percent in May. In June, higher finished goods prices offset a 0.7-percent decline in nonagricultural industrial supplies and materials prices.
These data are from the BLS International Price program. Import and export price data are subject to revision. For more information, see "U.S. Import and Export Price Indexes — June 2011" (HTML) (PDF), news release USDL-11-1033.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import and export prices in June 2011 on the Internet at http://www.bls.gov/opub/ted/2011/ted_20110715.htm (visited May 28, 2016).
Recent editions of Spotlight on Statistics
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.