HOUSTON, July 15 (Xinhua) -- U.S. import and export prices rose in June, the U.S. Department of Labor reported on Wednesday.
The price index for U.S. imports rose 1.4 percent in June, after rising 0.8 percent the previous month. The June advance was led by higher fuel prices, and was the largest monthly increase since the index rose 1.4 percent in March 2012. Despite the recent advances, the price index for U.S. imports fell 3.8 percent for the year ended in June.
The price index for U.S. imports from China increased 0.1 percent in June, the first one-month advance since the index rose 0.2 percent in December 2019. The uptick followed a 0.1-percent decline in May. Import prices from China fell 0.9 percent over the past year.
Meanwhile, prices for U.S. exports also increased 1.4 percent in June, the largest monthly advance for the index since a 1.5-percent increase in March 2011. In June, prices for both non-agricultural and agricultural exports contributed to the advance. Despite the June rise, prices for U.S. exports decreased 4.4 percent from June 2019 to June 2020.
U.S. export prices to China advanced 1.9 percent in June, after rising 2.3 percent the previous month. Those are the largest monthly increases since the index was first published in December 2017. Despite the recent advances, prices for exports to China decreased 2.5 percent for the year ended in June. Enditem
