Data for July for import and export prices
- The US Import prices for July came in unchanged for the month. That was as expected.
- Import prices for the prior month were revises to -0.1% vs -0.4% previously
- import prices ex-petroleum fell -0.1% versus 0.1% expectations. The prior month was revised to -0.4% from -0.3%
- import prices year on year rose 4.8% versus 4.5% expected. Last month import prices rose 4.7% (was initially reported at +4.3%)
- exports prices for the month of July fell -0.5% versus +0.2% expected.
- Prior month for export prices came in at 0.2% versus 0.3%
- Export for prices year on year rose 4.3% versus +5.3% in the prior month
US farm export prices plunge most since 2011 amid trade war. Agricultural export prices fell 5.3% versus the prior month. That was the largest drop since October 2011. Soybean prices tumbled 14.1%. Prices for corn wheat fruits and nuts also fell in July.
Import prices rose by 4.8% versus a year earlier. That was the largest advance since 2012 and was propelled by the 40.7% rise in fuel import prices according to Labor Department figures.
- Auto prices were unchanged after falling -0.1% in June.
- consumer goods prices rose 0.3% after falling 0.3% in June
- export prices ex-agriculture unchanged after rising 0.4% in June
