July 2016 U.S. Import and Export Price Indexes — 2016-08-11

Prices for U.S. imports advanced 0.1 percent in July, the U.S. Bureau of Labor Statistics reported today, following a 0.6-percent rise the previous month. In July, increasing nonfuel prices more than offset a downturn in fuel prices. The price index for U.S. exports rose 0.2 percent in July, after advancing 0.8 percent in June. All Imports: U.S. import prices continued to advance in July, ticking up 0.1 percent. Prices for imports have not recorded a monthly decrease over the past 5 months and increased 3.0 percent since last declining in February. Prior to July, the increases were driven by rising fuel prices. In contrast, in July, nonfuel prices led the advance and fuel prices recorded a decrease. Despite the recent increases, import prices remain down on an over-the-year basis, falling 3.7 percent over the past 12 months.