US import prices -0.4% vs. 0.1% expected. Export prices 0.3% vs. 0.2% expected

Ex Petroleum -0.3% vs 0.2% last month

The US import prices for June fell -0.4% vs 0.1% expected. The YoY rose 4.3% vs 4.3% last month.

• Export prices rose 0.3% vs 0.2% expected. The prior month was up 0.6% last.
• The export price index YoY rose 5.3% vs 4.9% previous
• Ex petroleum June import prices fell -0.3% vs 0.2% expected. Was up 0.1% last month. The June decline was led by lower prices for foods, feeds, and beverages; consumer goods; capital goods; and automotive vehicles which more than offset higher prices for nonfuel industrial supplies and materials.
• The June decline in import prices was the largest monthly drop since the index decreased 0.5 percent in February 2016.
• Fuel Import prices decreased 0.7 percent in June, after a 6.1-percent advance in May and a 3.9-percent rise in April. Falling prices for both petroleum and natural gas contributed to the overall drop in June fuel prices.