FX.co ★ U.S. Import Price Inflation Cools in July, Signaling Easing Cost Pressures

U.S. import prices rose 5.9% year-over-year in July 2026, slowing from a 7.1% gain in June, according to the latest data updated on 18 August 2026. The Import Price Index figures compare price changes in each month to the same month a year earlier.

The deceleration from June’s 7.1% pace to July’s 5.9% suggests that external cost pressures on the U.S. economy may be easing, potentially offering some relief to businesses reliant on imported goods. Both the current and previous readings are measured on a year-over-year basis, with June 2026 compared to June 2025 and July 2026 compared to July 2025.