Import prices in the US increased 1.4 percent month-over-month in June 2020, following a 0.8 percent increase in May and easily beating forecasts of a 1.0 percent advance. It was the largest monthly increase in import prices since March 2012 led by a record rise in fuel prices (21.9 percent vs 15.4 percent in May). Prices for import petroleum rose 23.0 percent, after advancing 16.1 percent, and natural gas prices increased 6.8 percent following a 6.4 percent rise the previous month. Nonfuel import prices rose 0.3 percent in June, after a 0.1 percent gain in May. Year-on-year, import prices fell 3.8 percent.
Import Prices in the United States averaged 109.33 points from 1982 until 2020, reaching an all time high of 147.50 points in July of 2008 and a record low of 75 points in March of 1986. This page provides - United States Import Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Import Prices - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: U.S. Bureau of Labor Statistics
Import Prices in the United States is expected to be 124.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Import Prices in the United States to stand at 125.74 in 12 months time. In the long-term, the United States Import Prices is projected to trend around 125.74 points in 2021 and 128.74 points in 2022, according to our econometric models.