Import prices were up 0.3% on the month after gains of 1.7% in May and 2.1% in April, leaving the annual rate at 7.1%, the strongest rise since August 2022.

Fuel imports dipped 0.4%, their first fall since January, as a 0.7% drop in petroleum outweighed a 9.2% jump in natural gas. Even so, fuel import prices were still 44.1% higher year‑on‑year. Non‑fuel imports rose 0.4%, driven by industrial supplies, capital goods and consumer goods excluding autos, while automotive and food categories declined. Non‑fuel imports were up 4.2% over the year.

Export prices, meanwhile, fell 0.6% in June, breaking a run of monthly increases stretching back to May 2025. Non‑agricultural export prices dropped 0.7%, reflecting weaker industrial supplies and materials, while capital goods, consumer goods and autos all posted gains. Agricultural export prices edged 0.2% higher, supported by stronger prices for other foods and nuts, despite declines in soybeans and corn. Over the year, export prices were 10.2% higher.

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