January 2025 U.S. Import and Export Price Indexes — 2025-02-14

Prices for U.S. imports increased 0.3 percent in January, after advancing 0.2 percent in December, the U.S. Bureau of Labor Statistics reported today. Higher fuel and nonfuel prices in January contributed to the overall increase in import prices. U.S. export prices rose 1.3 percent in January following a 0.5-percent advance the previous month. The price index for U.S. imports advanced 0.3 percent in January, the largest 1-month rise since the index increased 0.9 percent in April 2024. Prices for U.S. imports advanced 1.9 percent from January 2024 to January 2025. (See table 1.) Fuel Imports: Import fuel prices rose 3.2 percent in January, after increasing 1.7 percent in December. The January advance was the largest monthly rise since April 2024. Higher prices for petroleum and natural gas contributed to the overall increase in import fuel prices in January. Prices for import fuel rose 2.4 percent for the year ended in January.