July 2021 U.S. Import and Export Price Indexes — 2021-08-13

Prices for U.S. imports increased 0.3 percent in July, after advancing 1.1 percent the previous month, the U.S. Bureau of Labor Statistics reported today. The July increase was driven by higher fuel prices. U.S. export prices rose 1.3 percent in July following a 1.2-percent advance in June. __________________________________________________________________________________________________________________ U.S. import prices increased 0.3 percent in July, after advances of 1.1 percent in June and 1.3 percent in May. The July rise is the smallest monthly increase since the index ticked up 0.1 percent in November. Prices for U.S. imports advanced 10.2 percent from July 2020 to July 2021, led by higher prices for both nonfuel and fuel imports. (See table 1.) Fuel Imports: Prices for import fuel rose 2.9 percent in July following increases of 5.5 percent in June and 5.2 percent in May. Higher prices for both petroleum and natural gas contributed to all 3 monthly advances.