Import Prices Up 0.2% for First Time in 4 Months

Import prices are up and export prices are down for July, according to a Labor Department report (link opens a PDF) released today.

Import prices increased 0.2% for July, reversing a four-month trend of decreasing prices. Analysts had expected as much with a sharp 0.9% increase prediction, but their estimate proved too pricey. This month's increase was largely driven by fuel prices, up 2.5% compared with a continually declining 0.4% drop in non-fuel import prices.

Source: Labor Department. 

Export prices fell another 0.1% for July, marking exports' fifth month of price declines in contrast to analysts' predictions of a 0.2% increase. Agricultural prices packed the most punch, dropping 0.3% after a 0.8% increase in June. Nonagricultural export prices recorded no change for July.

Source: Labor Department.. 

On a regional basis, import prices from Japan fell 0.5%, while China prices decreased 0.1%. E.U. import prices bumped up 0.2% for July, while Mexico imports cost around 0.5% more.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2593714, ~/Articles/ArticleHandler.aspx, 9/28/2016 10:42:54 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,237.68 9.38 0.05%
S&P 500 2,160.61 0.68 0.03%
NASD 5,306.35 0.64 0.01%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes