WASHINGTON — Import prices rose by 0.3% in July, while export prices declined 0.4%, the Labor Department reported Tuesday. The moves follow a revised 0.6% decline in import prices in June.

Economists polled by Thomson Reuters expected a 0.1% decline.

The index was driven up in part by a 0.6% gain in petroleum prices. “After falling for two months, oil prices turned higher in July,” economists at Nomura said. Prices excluding petroleum rose 0.2%.

Food prices rose 0.5%, also helping drive up the July increase.

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