prices of imported goods to the us declined in july due to lower fuel and nonfuel prices adding to hopes of moderating inflation pressures ahead import prices fell 14 in july compared with the previous month following a revised 03 monthly gain in june data from the labor department showed friday economists polled by the wall street journal expected import prices to decline 10 the decline in import prices was led by a 75 decline in fuel prices in july following a 62 percent increase in june the price index for nonfuel imports fell for the third consecutive month decreasing 05 in july after a decline of 06 in june us import prices rose 88 in july compared with the same month a year earlier the smallest yearonyear increase since the index advanced 71 from march 2020 to march 2021