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June import prices rise as export prices fall

Import prices increased 0.3% while export prices fell 0.6%, underscoring mixed trade-side price pressure.

Reported · Written up by our desk · Inflation

Forexlive reports that US June import prices rose 0.3%, compared with expectations for a 0.7% decline. The prior month was revised, with the earlier import gain adjusted to 1.7% from 1.9%.

In the same data, export prices fell 0.6% versus expectations for a 0.4% drop. The prior month’s export increase was also revised to 1.2% from 1.3%.

The outlet said the import figure moves in the opposite direction from CPI and PPI trends, suggesting inflation pressures may persist even as other price gauges cool.

Forexlive also noted oil prices were near intraday highs, with Brent at $86.20 and WTI at $81, as market focus remains on inflation and energy costs.

Latest closeWTI crude $79.00 ▼0.8%|Brent $84.94 ▼0.0%

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