U.S. import prices fell 0.4% in July 2026, while export prices rose 0.2%, according to the Bureau of Labor Statistics. The decline in import prices was driven largely by lower fuel prices, while higher prices for nonfuel imports were more limited.
Import fuel prices dropped 7.2%, their largest monthly decline since September 2024. Import prices from China, however, increased 0.8%, the largest monthly rise since July 2008. Prices for imports from Canada fell 2.1%, while those from Japan rose 0.6%.
Export prices increased 0.2% in July, with higher prices for agricultural and nonagricultural exports. Capital-goods export prices rose 0.5%, while export prices for automotive vehicles, parts, and engines increased 0.7%. Overall, the July report showed lower import costs alongside modest growth in U.S. export prices.
