Import prices declined 0.2% in June following an upwardly revised 0.4% decline (from -0.6%) in May. Excluding fuel, import prices were down 0.4% following an upwardly revised 0.0% (from -0.1%) in May. Export prices, in turn, were down 0.9% in June following an unrevised 1.9% decline in May. Excluding agricultural products, export prices were down 0.9% following a downwardly revised 1.9% decline (from -1.8%) in May.
On a year-over-year basis, import prices were down 6.1%, versus being up 10.7% for the 12-month period ending June 2022, and export prices were down 12.0%, versus up 18.6% for the 12-month period ending June 2022.