July 2017 U.S. Import and Export Price Indexes — 2017-08-15

Prices for U.S. imports edged up 0.1 percent in July, the U.S. Bureau of Labor Statistics reported today, led by higher fuel prices which more than offset lower prices for nonfuel imports. The July increase in import prices followed declines in each of the 2 previous months. U.S. export prices advanced 0.4 percent in July, after decreasing 0.2 percent in June. All Imports: Import prices advanced 0.1 percent in July, after a 0.2-percent decrease in June and a 0.1- percent drop in May. The price index for U.S. imports rose over the past year, increasing 1.5 percent. Prices for U.S. imports have risen on an over-the-year basis for 9 consecutive months; the last decrease was a 0.2- percent drop in October 2016. Fuel Imports: Fuel prices rose 0.5 percent in July following declines of 2.6 percent in June, 0.9 percent in May, and 0.4 percent in April.