U.S. import prices unexpectedly showed no change in July while export prices unexpectedly fell, official data showed on Tuesday.
In a report, the U.S. Bureau of Labor Statistics said import prices showed no change last month.
Economists were looking for a 0.1% advance.
Import prices dropped by 0.1% in June, revised from an initial 0.4% decline.
Year-on-year, import prices increased 4.8% in July.
That was higher than the consensus forecast of 4.6% increase and the previous month’s 4.3% rise.
Meanwhile, export prices decreased by a seasonally adjusted 0.5% in July.
Analysts had forecast a 0.2% gain.
Export prices increased 4.3% last month from a year ago, above the consensus forecast for a 4.2% advance.
Export prices gained 5.3% in June.
