The Magazine for Asian Investors
According to the U.S. Bureau of Labor Statistics, the import price index rose 0.2% in June from the previous month, slowing from the 0.5% increase in May.
Analysts had previously forecast that the import price index would rise by 0.7% in June.
Year on year, the import price index rose by 10.7%, following an 11.6% increase in May.
The slowdown in the import price index was caused by the strong dollar and a decline in energy prices.
All imports excluding fuels fell 0.5%, following a 0.3% decline in May.
The export price index rose 0.7% month-on-month in June, following a 2.9% increase in May
On a year-on-year basis, the export price index rose 18.2%, following an 18.7% increase in May.