Import Prices Declined 1.4% in July, Export Prices Down 3.3%

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Import Prices Declined 1.4% in July, Export Prices Down 3.3%

Washington, DC, August 12, 2022- U.S. import prices decreased 1.4% in July, after advancing 0.3% in June, the U.S. Bureau of Labor Statistics reported. 

Lower fuel and nonfuel prices in July contributed to the decline in U.S. import prices. The price index for U.S. exports fell 3.3% in July following a 0.7% advance the previous month.