July 2026 U.S. Import and Export Price Indexes — 2026-08-18

U.S. import prices decreased 0.4 percent in July, the U.S. Bureau of Labor Statistics reported today, following a 0.3-percent decline in June. Lower prices for fuel imports more than offset higher prices for nonfuel imports in July. Prices for U.S. exports decreased 1.3 percent in July after falling 0.7 percent the previous month. Import prices fell 0.4 percent in July following a decline of 0.3 percent in June and an advance of 1.7 percent in May. The July decrease in U.S. import prices was the largest monthly decline since the price index fell 0.5 percent in May 2025. Despite the monthly decline, prices for U.S. imports increased 5.9 percent from July 2025 to July 2026. (See table 1.) Fuel Imports: Prices for import fuel fell 7.2 percent in July following a decrease of 3.8 percent in June and an increase of 12.1 percent in May.