United States import prices fell for the first time in seven months in July, helped by a strong dollar and lower fuel and non-fuel costs, while consumers’ one-year inflation outlook ebbed in August, the latest signs that price pressures may have peaked.Import prices, which exclude tariffs, fell 1.4 percent last month after rising 0.3 percent in June, the Department of Labor said on Friday.That was the largest monthly drop since April 2020 and exceeded the 1.0 percent decline expected by economists in a Reuters news agency poll. In the 12 months through July, import prices gained 8.8 percent after a 10.7 percent rise in June, marking the annual rate’s fourth straight monthly decline.
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