21-July-2026
Economy News
 
US import prices up 7.1% in June, highest annual gain since August 2022
20-Jul-2026

As global crude prices climb and import bills swell across countries, the US has a different story to tell. Its import prices are rising too but fuel is not the culprit. US import prices recorded an unexpected increase in June as a rise in nonfuel import costs outweighed lower fuel prices, according to data released by the US Bureau of Labor Statistics. The import price index rose 0.3% during the month, extending the upward trend seen in recent months after increases of 2.1% in April and 1.7% in May.

News Source:- https://timesofindia.indiatimes.com/business/international-business/us-import-prices-up-7-1-in-june-highest-annual-gain-since-august-2022/articleshow/132506149.cms