U.S. export prices increased 0.3 percent in June, after rising 0.6 percent the previous month. In June, higher nonagricultural prices more than offset decreasing prices for agricultural exports. Prices for overall exports advanced 5.3 percent over the past 12 months, the largest over-the-year increase since the index rose 6.3 percent in October 2011.

U.S. import prices decreased 0.4 percent in June, the U.S. Bureau of Labor Statistics reported today, following a 0.9-percent advance in May. Lower prices for nonfuel and fuel imports contributed to the June decline. Prices for U.S. exports rose 0.3 percent in June, after rising 0.6 percent the previous month.