U.S. import prices fell 0.4 percent in July as fuel costs dropped 7.2 percent
Cheaper fuel pulled the July import bill down, though the yearly comparison is still higher.
The Bureau of Labor Statistics reported that U.S. import prices fell 0.4 percent in July, the largest monthly drop since the index fell 0.5 percent in May 2025, following a 0.3 percent decline in June. Fuel did most of the work: prices for import fuel dropped 7.2 percent, with petroleum and petroleum products down 7.5 percent, while import natural gas prices rose 5.3 percent. Excluding fuel, import prices rose 0.4 percent, on higher prices for capital goods; foods, feeds, and beverages; and automotive vehicles, parts, and engines. Prices for U.S. exports fell 1.3 percent in July, and over the past 12 months import prices were still up 5.9 percent while export prices rose 8.2 percent.
Scripture for Reflection
“Keep your lives free from the love of money and be content with what you have, for God has said: “Never will I leave you, never will I forsake you.””
We can follow prices closely and still hold our security somewhere steadier than a monthly index.
