US: Import prices declined 0.2% in June

After a 0.1-percent decrease in May, U.S. import prices declined 0.2 percent in June, according to Tuesday's report released by the U.S. Bureau of Labor Statistics.

Key highlights:

• Lower fuel prices drove the drop in June, which more than offset higher nonfuel prices
• The price index for U.S. exports fell 0.2 percent in June following a 0.5-percent decline in May
• Prices for U.S. exports fell for a second consecutive month in June, declining 0.2 percent
• Falling prices for agricultural exports drove the decrease as nonagricultural export prices recorded no change
• U.S. export prices increased over the past year, advancing 0.6 percent.
• The price index for U.S. exports has not recorded a 12-month decline since a 0.2-percent fall in November