US: Import prices unchanged in July, export prices decline 0.5%

According to the monthly report published by the U.S. Bureau of Labor Statistics on Tuesday, prices for U.S. imports recorded no change in July following June's 0.1% decline.

Key quotes from the official press release

• U.S. export prices decreased 0.5 percent in July following a 0.2-percent increase in June.
• The July decline was driven by a drop in agricultural export prices. 
• Nonagricultural export prices recorded no change in July following a 0.4-percent rise in June and a 0.6-percent advance in May.
• Prices for import fuel advanced 1.6 percent in July following a 1.3-percent increase in June and a 6.5-percent rise in May.