Monday, July 20, 2015

U.S. import prices decline 10 percent over the year

Import prices decreased 10.0 percent from June 2014 to June 2015.

The import price index for fuels and lubricants (which makes up 12.0 percent of imports) declined 40.7 percent from June 2014 to June 2015. Over that period, petroleum prices decreased 41.3 percent and prices for natural gas declined 42.7 percent.

In June 2015, prices for nonfuel imports declined 2.3 percent over the year. The decrease was led by a 6.7-percent drop in prices for nonfuel industrial supplies and materials (13.4 percent of imports).

More from the Bureau of Labor Statistics.

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