US import prices for June 2022 0.2% vs 0.7% estimate

• US import prices 0.2% vs. 0.7% estimate. Prior month revised to 0.5% from 0.6% previously reported
• US export prices 0.7% vs. 1.2% estimate. Prior month revised to 2.9% from 2.8% previously reported
• import prices year over year +10.7%
• export prices year-over-year 18.2% vs. 18.9% last month
• nonpetroleum import prices -0.4%. Year over year +5.4%
• import prices for fuel rose 5.7% in June after increasing 6.5% in the previous month for the year imported fuel prices advanced the 73.9% that was a largest increase cents 87.0% in November 2021
• petroleum import prices up 5% vs. up 5.8% May
• nonfuel import prices decline for the 2nd consecutive month by -0.5% following a -0.3% drop in May
• import prices excluding fuel increased 4.6% over the past 12 months which was the smallest 12 month advances since March 2021

Import prices rose 1.2% for the 2nd quarter which was the smallest quarterly increase since 0.5% in the 3rd quarter of 2021

/Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term