FX.co ★ US Import Prices Rise the Most in 15 Months

In July 2025, the prices of goods imported into the United States rose by 0.4% compared to the previous month. This increase defied market expectations, which had anticipated no change, and followed a revised 0.1% decrease in June. This marks the most significant rise since April of the previous year and indicates that foreign companies have not reduced their selling prices in response to tariffs imposed by the U.S. Presidential administration. It is important to note that the index for measuring import prices does not factor in tariffs on goods. Fuel import prices notably surged by 2.7%, up from 0.8% in June, while non-fuel import prices showed a more moderate increase of 0.3%, following a decline of 0.3% the preceding month. On an annual basis, import prices were down by 0.2% from the previous year.