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U.S. Import Prices Rose 0.2% in July

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08/14/2019 | 06:45am EDT

By Paul Kiernan and Harriet Torry

WASHINGTON--Prices for foreign-made goods imported to the U.S. rose 0.2% in July from June, the Labor Department said Wednesday. Economists surveyed by The Wall Street Journal had expected a 0.1% decline.

--Prices for fuel imports rose 1.8%, while prices for non-fuel imports fell 0.1%.

--Export prices rose 0.2%.

--The decline in import prices in June was bigger than previously estimated. Revised data shows a 1.1% drop in prices in June from May, versus an initially reported fall of 0.9%.

--The data are not adjusted for seasonality and do not include taxes.

--Tariffs can push import prices up by prompting U.S. importers to source from more expensive suppliers, or down by pressuring suppliers in countries targeted by tariffs to lower their prices.

--The latest report can be found here:

http://www.bls.gov/news.release/ximpim.toc.htm.

Write to Paul Kiernan at paul.kiernan@wsj.com and Harriet Torry at harriet.torry@wsj.com

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