By Ovunc Kutlu
ANKARA (AA) - US export and import prices rose lower than market expectations in June, according to data released by the Bureau of Labor Statistics on Friday.
Export prices increased 0.7% in June. The market estimate was a 1.2% gain after it jumped 2.9% in May.
On an annual basis, prices for exports rose 18.2% last month.
US import prices rose 0.2% in June, below the market expectation of a 0.7% gain. They increased 0.5% in May.
Annually, import prices rose 10.7% in June.
“Prices for import fuel rose 5.7% in June, after increasing 6.5% the previous month. Import fuel prices have not declined on a monthly basis since December 2021,” read a statement.