Mexican tomatoes intended for export to the United States
Import prices in the United States rebounded in July, driven by the price of consumer goods prices, show the data published on Friday by the Department of Labor, sending the signal of an upcoming inflation in the first world economy.
They increased by 0.4% in July, after a decrease of 0.1% in June (revised by +0.1%) and while the economists interviewed by Reuters provided for an average stagnation in July.
Over one year, import prices fell 0.2% after -0.5% in June.
Although import prices do not include customs duties, their high level suggests that exporting countries do not reduce their prices to compensate for the impact of the cost increase.
On Thursday, production prices (PPI) prices in the United States showed a sharp increase outside volatile components, strengthening forecasts of economists from acceleration of inflation in the coming months, despite moderate repercussion of customs duties so far.
The prices of imported fuel increased by 2.7% in July after +0.8% in June while those in foodstuffs fell 0.1% after -1.3% the previous month.
Excluding fuels and foodstuffs, import prices increased by 0.3%.
(Written by Mara Vîlcu and Augustin Turpin, with Lucia Mutikani)