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المشهد العربي
U.S. import costs driven by fuel
U.S. import prices increased by 5.9% year-over-year in July, primarily due to a 25.2% rise in imported fuel prices. This was negatively affected by the ongoing war in the Middle East and the slowdown in shipping activity through the Strait of Hormuz. On a monthly basis, import prices slightly decreased by 0.4%, driven by a 7.2% decline in fuel prices, while non-oil import prices increased by 0.4%. Additionally, U.S. exports fell by 1.3% month-over-month, with non-agricultural product costs decreasing by 1.5% and agricultural prices rising by 1%.
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