U.S. Import Prices Fell 0.2% in July

Prices for goods imported to the U.S. fell in July, dragged down by a drop in the price of petroleum.

U.S. import prices declined 0.2% last month from June, the Labor Department said Thursday. Economists surveyed by The Wall Street Journal had expected prices to fall 0.3% in July after ticking up 0.1% in June.