ISTANBUL: US import prices remained unchanged but export prices declined 0.5% in June, according to data released Tuesday by the Labor Department's Bureau of Labor Statistics. The estimate for import prices was to show a monthly gain of 0.2%, while the figure for May was revised to indicate a decline of 0.2% from a decrease of 0.4%. "The May decrease was the only 1-month decline recorded in the first half of 2024," the agency said in a statement. "Lower import fuel prices in June offset higher nonfuel prices." Import prices in June increased 1.6% from the same month last year, posting the largest year-on-year gain since December 2022. Export prices, meanwhile, fell 0.5% in June, compared to the previous month. The expectation was to show a decline of 0.1%, while the figure for May was revised to a fall of 0.7% from a decrease of 0.6%. "The June and May drops were the first 1-month decreases since December 2023," said the statement. "Lower prices for nonagricultural exports in both months more than offse t higher agricultural prices." Annually, however, prices for US exports were up 0.7% in June, compared to the same month last year. Source: Anadolu Agency