July 2011 U.S. Import and Export Price Indexes — 2011-08-16

U.S. import prices increased 0.3 percent in July, the U.S. Bureau of Labor Statistics reported today, after declining 0.6 percent the previous month. Rising prices for both fuel and nonfuel imports contributed to the overall increase. In contrast, U.S. export prices fell 0.4 percent in July, the first decrease since the index declined 0.2 percent in July 2010. All Imports: Import prices increased 0.3 percent in July, following a 0.6 percent decline in June. Over the past three months, import prices edged down 0.1 percent, after increasing 13.7 percent in the seven months prior to May. Import prices rose 14.0 percent for the year ended in July, the largest 12-month advance since the index increased 18.1 percent for the year ended in August 2008. Higher prices for both fuel and nonfuel imports contributed to the increase over the past 12 months. Fuel Imports: Fuel prices advanced 0.4 percent in July, following a 2.1 percent decline in June.