US import prices fell 0.5 percent from a month earlier in August 2019, after a downwardly revised 0.1 percent gain in July and compared with market consensus of a 0.4 percent decline. Fuel prices dropped 4.3 percent, following a 0.7 percent rise in the previous month, as lower cost of petroleum (-4.8 percent) more than offset higher prices for natural gas (16 percent). Meanwhile, prices for nonfuel imports were unchanged for the second consecutive month, after falling 0.3 percent in June and May, mostly due to cost of foods, feeds, and beverages (-0.3 percent); and nonfuel industrial supplies and materials (-0.3 percent). Year-on-year, import prices went down 1 percent, following an upwardly revised 1.9 percent fall in July. Import Prices in the United States averaged 108.99 Index Points from 1982 until 2019, reaching an all time high of 147.50 Index Points in July of 2008 and a record low of 75 Index Points in March of 1986.