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According to the monthly report published by the U.S. Bureau of Labor Statistics on Tuesday, prices for U.S. imports recorded no change in July following June’s 0.1% decline.

Key quotes from the official press release

  • U.S. export prices  decreased 0.5 percent in July following a 0.2-percent increase in June.
  • The July decline was driven by a  drop in agricultural export prices.  
  • Nonagricultural export prices recorded no change in July following a  0.4-percent rise in June and a 0.6-percent advance in May.
  • Prices for import fuel advanced 1.6 percent in July following a 1.3-percent increase in June  and a 6.5-percent rise in May.