Import Prices Rose 0.4% in July, Export Prices Rose 0.7%

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Import Prices Rose 0.4% in July, Export Prices Rose 0.7%

Washington, DC, August 15, 2023-Prices for U.S. imports advanced 0.4% in July following a 0.1% decline the previous month, the U.S. Bureau of Labor Statistics reported. 

The July increase was driven by higher fuel prices. U.S. export prices rose 0.7% in July, after decreasing 0.7% in June.