July 2015 U.S. Import and Export Price Indexes — 2015-08-13

U.S. import prices declined 0.9 percent in July, after recording no change the previous month, the U.S. Bureau of Labor Statistics reported today. Both fuel prices and nonfuel prices contributed to the July decrease. The price index for U.S. exports fell 0.2 percent in July following a 0.3-percent drop in June. All Imports: Import prices fell 0.9 percent in July, the first monthly decline since the index decreased 0.2 percent in April and the largest 1-month drop since a 3.2-percent decline in January. A downturn in fuel prices in July drove much of the overall decrease, although a continued downward trend in nonfuel prices also supported the drop. The price index for overall imports decreased 10.4 percent for the year ended in July, and has not recorded a 12-month advance since the index rose 0.9 percent in July 2014.