US import price index for July 0.7% vs. 0.6% estimate

US import prices for July
– Import prices MoM 0.7% vs. 0.6% estimate. Prior month +1.4%
– Import prices ex petroleum 0.2% vs. 0.1% estimate. Prior month 0.3%
The import price data has been rebounding from the -2.6% decline in April. The last 3 months have been back above the 0.0% level.