Financial News: U.S. Import Price Growth Exceeds Estimates In July

U.S. Import Price Growth Exceeds Estimates In July

08/15/2025 - 10:00:00 (RTTNews)

(RTTNews) - The Labor Department released a report on Friday showing import prices in the U.S. increased by more than expected in the month of July.

The report said import prices climbed by 0.4 percent in July after a downwardly revised 0.1 percent dip in June.

Economists had expected import prices to inch up by 0.1 percent, matching the 0.1 percent uptick originally reported for the previous month.

"Along with this week's producer price report, the import price data support our expectations for pressure on consumer prices to accelerate in the months ahead," said Matthew Martin, Senior U.S. Economist at Oxford Economics.

Compared to the same month a year ago, import prices were down by 0.2 percent in July, unchanged from June and in line with economist estimates.

The stronger than expected monthly import price growth partly reflected a sharp increase in prices for fuel imports, which surged by 2.7 percent in July after climbing by 0.8 percent in June.

Prices for non-fuel imports rose by 0.3 percent in July after falling by 0.3 percent in June, as higher prices for non-fuel industrial supplies and materials consumer goods, and capital goods more than offset lower prices for automotive vehicles and foods, feeds, and beverages.

Meanwhile, the Labor Department said export prices crept up by 0.1 percent in July after rising by 0.5 percent in June. The modest increase matched economist estimates.

The report also said the annual rate of growth by export prices slowed to 2.2 percent in July from 2.8 percent in June.

The monthly uptick by export prices came as prices for non-agricultural exports inched up by 0.1 percent in July following a 0.5 percent increase in June.

Higher prices for automotive vehicles, capital goods and consumer goods more than offset lower prices for non-agricultural industrial supplies and materials, the Labor Department said.

Prices for agricultural exports were unchanged in July after climbing by 0.8 percent in June, as higher prices for meat and vegetables offset lower prices for corn and animal feeds.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

American Consumers' Inflation Expectations Rise, Job Finding Hopes Record Low - NY Fed Survey (20 min(s), 29 sec(s) ago)
(RTTNews) - U.S. consumers' inflation expectations for the one-year ahead ticked up in August, ...Full Story»

Luxembourg Inflation Accelerates Further To 2.4% In August (01 hr(s), 20 min(s), 29 sec(s) ago)
(RTTNews) - Consumer price inflation in Luxembourg climbed for a third month in a row in August to ...Full Story»

German Industrial Output Rebounds; Exports Fall (02 hr(s), 23 min(s), 29 sec(s) ago)
(RTTNews) - Germany's industrial output expanded for the first time in four months in July, wh ...Full Story»

Amended: German Industrial Output Recovers 1.3% (02 hr(s), 29 min(s), 29 sec(s) ago)
(RTTNews) - corrected third para Germany's industrial output expanded for the first time ...Full Story»

Denmark Trade Surplus Rises In July (03 hr(s), 03 min(s), 29 sec(s) ago)
(RTTNews) - Denmark's foreign trade surplus increased in July as exports rose amid a decrease ...Full Story»

Slovakia Trade Surplus Grows In July (03 hr(s), 13 min(s), 29 sec(s) ago)
(RTTNews) - Slovakia's foreign trade surplus increased in July from a year ago as exports rose ...Full Story»

Latvia Inflation Climbs To 2-year High (03 hr(s), 24 min(s), 29 sec(s) ago)
(RTTNews) - Latvia's consumer price inflation increased in August to the highest level in two ...Full Story»

Eurozone Sentix Investor Sentiment Weakens Sharply (03 hr(s), 29 min(s), 29 sec(s) ago)
(RTTNews) - Eurozone investor confidence deteriorated sharply in September dashing hopes of an eco ...Full Story»