U.S. import and export prices drop slightly in July
U.S. import prices declined 0.9 percent in July, after recording no change the previous month, the U.S. Bureau of Labor Statistics reported today. Both fuel prices and nonfuel prices contributed to the July decrease. The price index for U.S. exports fell 0.2 percent in July following a 0.3 percent drop in June. Prices for import fuel declined 5.7 percent in July, after rising 16.3 percent between February and June. Natural gas prices also reversed direction in July, falling 2.0 percent, after recording a 2.4-percent advance in June.
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