January 2018 U.S. Import and Export Price Indexes — 2018-02-16

U.S. import prices increased 1.0 percent in January, the U.S. Bureau of Labor Statistics reported today, after rising 0.2 percent in December. Higher prices for both nonfuel imports and fuel imports contributed to the January advance. Prices for U.S. exports rose 0.8 percent in January following a 0.1-percent increase the previous month. All Imports: The price index for U.S. imports rose 1.0 percent in January, after increases of 0.2 percent in December and 1.0 percent in November. The 1.0-percent advances were the largest 1-month rises since the index increased 1.2 percent in May 2016. Import prices advanced 3.6 percent between January 2017 and January 2018. Fuel Imports: Fuel prices increased 4.7 percent in January following a 2.9-percent advance in December and a 9.8-percent rise in November. Higher prices for petroleum and natural gas contributed to the increases in all 3 months.