US July import prices -0.4% vs +0.1% expected

Prior import prices +0.3% (revised to -0.3%) Export prices -1.3% vs +0.2% expected Prior export prices -0.6% (revised to -0.7%) US import prices continued to decline in July, falling 0.4% m/m after a 0.3% drop in June. The decline was driven primarily by lower fuel import…