Import and Export Price Indexes for June 2023
The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for June 2023:
===============
Import Prices
Previous Reading:-0.4% (revised)
Actual: -0.2%
Change From 12 Months Previous: -6.1%
===============
Export Prices
Previous Reading: -1.9%
Actual: -0.9%
Change From 12 Months Previous: -12.0%
===============
The above percentages, highlighted in yellow, represent the month-to-month change in prices for:
===============
===============
Import Prices
Previous Reading:-0.4% (revised)
Actual: -0.2%
Change From 12 Months Previous: -6.1%
===============
Export Prices
Previous Reading: -1.9%
Actual: -0.9%
Change From 12 Months Previous: -12.0%
===============
The above percentages, highlighted in yellow, represent the month-to-month change in prices for:
- Imports: the cost of goods produced in other countries and sold in the United States.
- Exports: the cost of goods produced in the USA and sold in other countries.
Together, these indexes offer insight into the status of inflation in
the United States, and for the global economy as well. The "predicted"
figure is what economists were expecting, while the "actual" is the
true or real figure.
=================
CHART: Import Price Index
June 2023 Update
================= June 2023 Update
CHART: Export Price Index
June 2023 Update
June 2023 Update
===============
===============
Labels: business, disinflation, exports, hard_data, import_export_prices_index, imports, inflation, Prices, Trade
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