U.S. import prices jump 0.3% in July, China‑sourced goods hit 18‑year high
Import prices rose 0.3% in July, defying expectations of a decline as falling energy costs were outweighed by higher costs for computers, semiconductors and machinery. Imports from China surged 0.9% – the strongest monthly gain since 2008 – widening inflation pressures and prompting Fed officials to argue for tighter policy.