U.S. Import Prices Rise 0.3% in June as China Goods Post Biggest Jump Since 2008
Updated
Updated · CNBC · Jul 17
U.S. Import Prices Rise 0.3% in June as China Goods Post Biggest Jump Since 2008
3 articles · Updated · CNBC · Jul 17
Summary
U.S. import prices unexpectedly rose 0.3% in June, versus forecasts for a 0.8% decline, while the annual increase accelerated to 7.1%—the biggest since August 2022.
A 0.9% rise in prices for goods from China—the largest monthly gain since January 2008—helped drive the increase, alongside higher costs for computers, peripherals, semiconductors and industrial machinery.
A 0.4% drop in fuels and lubricants was not enough to offset those gains, signaling inflation pressures are broadening beyond energy even as oil prices eased.
Export prices fell 0.6% on the month, their first drop since May 2025, but still rose 10.2% from a year earlier; export prices to China slipped 0.2% in June and were up 7.4% annually.