In June 2025, US import prices rose 0.1%, rebounding from a 0.4% decline in May, driven by higher nonfuel import prices that offset a 0.7% drop in fuel costs, according to the US Bureau of Labor Statistics. Over the past year, import prices fell 0.2%, with fuel imports down 15.7%, including a 26.8% plunge in natural gas prices, while nonfuel imports rose 1.2%. Within nonfuel categories, prices increased for industrial supplies and consumer goods, but fell for foods and automotive vehicles. Meanwhile, export prices rose 0.5% in June after a 0.6% decline in May, marking a modest recovery in U.S. trade prices. They write:
U.S. import prices advanced 0.1 percent in June, according to the U.S. Bureau of Labor Statistics, following a 0.4-percent decrease in May. Higher prices for nonfuel imports offset lower fuel prices. Export prices rose 0.5 percent in June, rebounding from a 0.6-percent drop the previous month.
Imports
Import prices ticked up 0.1 percent in June after falling 0.4 percent in May and rising 0.1 percent in April. Over the year, import prices declined 0.2 percent from June 2024 to June 2025, matching the annual decrease recorded in May — the largest 12-month drop since February 2024.
Fuel Imports
Fuel import prices declined 0.7 percent in June, following a 5.0 percent drop in May and a 2.6 percent decline in April. Lower natural gas prices offset slightly higher petroleum prices. Since February, overall import fuel prices have dropped 11.3 percent. Year over year, fuel import prices fell 15.7 percent. While petroleum prices decreased 16.6 percent, natural gas prices rose 37.4 percent from June 2024 to June 2025.
Nonfuel Imports
Nonfuel import prices edged up 0.1 percent in June, following no change in May. Increases in nonfuel industrial supplies, materials, and consumer goods outweighed declines in food, beverage, and automotive vehicle prices. Nonfuel import prices rose 1.2 percent over the past year, reversing the last annual decline seen in February 2024.
Foods, Feeds, and Beverages
Prices in this category dropped 0.8 percent in June, after declines of 0.7 percent in May and 0.1 percent in April. The decrease was driven by lower prices for distilled alcoholic beverages, cocoa beans, and food oils, which outweighed increases in vegetable and bakery product prices.
Nonfuel Industrial Supplies and Materials
These prices rose 0.7 percent in June, following a 0.1-percent increase in May. Higher costs for major nonferrous metals, finished metal shapes, and advanced manufacturing components offset declines in agricultural input prices.
Finished Goods
Prices for finished goods were mixed. Capital goods prices were flat in June after rising 0.2 percent in May. Increases in industrial and medical machinery were balanced by lower prices for computers and semiconductors. Consumer goods prices rose 0.4 percent in June, the largest monthly gain since February 2024. Meanwhile, automotive vehicle prices dipped 0.1 percent, reversing a slight rise in May.
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