Prices for U.S. imports rose 11.2% for the year ended in June 2021. This followed an 11.6% increase from May 2020 to May 2021, the largest over-the-year rise since September 2011. Prices for nonfuel imports rose 6.5% over the past 12 months, the largest over-the-year advance since prices increased 6.6% in August 2008.
Import prices for nonfuel industrial supplies and materials rose 49.6% for the year ended in June 2021, following a 55.4% increase from May 2020 to May 2021. Prices for import foods, feeds, and beverages increased 8.1% for the year ended in June 2021.
These data are from the International Price program. Import prices are subject to revision. To learn more, see “U.S. Import and Export Prices — June 2021.” See more charts on import and export price trends in Charts related to the latest “U.S. Import and Export Price Indexes” news release.