February 2022 U.S. Import and Export Price Indexes — 2022-03-16

U.S. import prices rose 1.4 percent in February, after advancing 1.9 percent in January, the U.S. Bureau of Labor Statistics reported today. Higher fuel and nonfuel prices drove the increases in both months. Prices for U.S. exports advanced 3.0 percent in February following a 2.8-percent rise the previous month. The price index for U.S. imports increased 1.4 percent in February following a 1.9-percent advance in January and a 0.4-percent decline in December. U.S. import prices rose 10.9 percent over the past 12 months. (See table 1.) Fuel Imports: Import fuel prices advanced 6.9 percent in February, after increasing 7.7 percent the previous month. Higher petroleum prices more than offset a decrease in natural gas prices. Prices for import fuel rose 53.0 percent for the year ended in February. The price index for import petroleum increased 8.1 percent in February following a 7.9-percent rise in January.