U.S. Import prices rise more than expected in July; export prices inch up

[Aerial view Industrial port with Container port in Hamburg, Germany]
Schroptschop

U.S. import prices gained 0.4% M/M in July, stronger than than the 0.1% increase expected and the prior month's 0.1% decrease, which was revised from +0.1%, according to data released by the Bureau of Labor Statistics on Friday.

Higher prices for non-fuel imports and fuel imports drove the increase last month.

On a Y/Y basis, import price growth was -0.2%, matching June's print.

Meanwhile, U.S. export prices ticked up 0.1% sequentially in July, as expected, compared with +0.5% in the earlier month. That translates into a 2.2% Y/Y gain, vs. +2.8% Y/Y in June.

The July increase reflected higher prices for non-agricultural exports, the BLS said [https://www.bls.gov/news.release/ximpim.nr0.htm].

MORE ON THE U.S. ECONOMY

* Dollar Slumps On The Anniversary Of The End Of Bretton Woods [https://seekingalpha.com/article/4814004-dollar-slumps-on-anniversary-of-end-of-bretton-woods]
* Rates Spark: U.S. PPI And Dutch Pension Reforms To Push Curves Steeper Still [https://seekingalpha.com/article/4813963-rates-spark-us-ppi-dutch-pension-reforms-push-curves-steeper-still]
* Bessent Calls On BOJ To Raise Rates; U.S. Dollar Mostly Firmer, Yen Rises [https://seekingalpha.com/article/4813531-bessent-calls-boj-raise-rates-us-dollar-firmer-yen-rises]
* US2Y jumps as hot PPI print fuels inflation concerns and puts Fed rate path in focus [https://seekingalpha.com/news/4485404-us2y-jumps-as-hot-ppi-print-fuels-inflation-concerns-and-puts-fed-rate-path-in-focus]
* Dollar holds steady ahead of CPI data, U.S.-China tariff deadline- Currency Recap [https://seekingalpha.com/news/4483214-dollar-holds-steady-ahead-of-cpi-data-us-china-tariff-deadline-currency-recap]