January 2026 U.S. Import and Export Price Indexes — 2026-03-05

U.S. import prices increased 0.2 percent in January, the U.S. Bureau of Labor Statistics reported today, following a 0.2-percent advance in December. Higher prices for nonfuel imports more than offset lower prices for fuel imports in January. Prices for U.S. exports rose 0.6 percent in January, after rising 0.6 percent the previous month. ________________________________________________________________________________________________________________ Impacts of Federal Government Shutdowns on U.S. Import and Export Price Indexes U.S. import prices increased 0.2 percent in January following an advance of 0.2 percent in December. Prices for U.S. imports declined 0.1 percent from January 2025 to January 2026. (See table 1.) Fuel Imports: Prices for import fuel fell 2.2 percent in January following a decline of 1.1 percent in December. Lower prices for petroleum more than offset higher prices for natural gas in January. The price index for import fuel has not advanced on a 1-month basis since July.