The FINANCIAL — Reflecting a steep drop in fuel prices, the Labor Department released a report on August 13 showing a notable decrease in U.S. import prices in the month of July, according to Nasdaq.
The report said import prices fell by 0.9 percent in July after coming in unchanged in June. Economists had expected prices to drop by about 1.0 percent.
Additionally, the Labor Department said export prices edged down by 0.2 percent in July after falling by 0.3 percent in the previous month. Export prices had been expected to drop by another 0.3 percent.
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