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2026.03.2512:36:28UTC+00US Import Prices Rise the Most since 2022

US import prices increased by 1.3 percent in February 2026, the largest monthly gain since March 2022 and well above market expectations of a 0.5 percent rise. Prices for imported fuels and lubricants advanced 3.8 percent, reversing a 1.2 percent decline in January. This was driven by a 2.5 percent increase in petroleum prices and a sharp 24.7 percent surge in natural gas prices.

Nonfuel import prices rose 1.1 percent, accelerating from a 0.8 percent increase in January. The uptick was broad-based, reflecting higher prices for capital goods; nonfuel industrial supplies and materials; consumer goods excluding automobiles; foods, feeds, and beverages; and automotive vehicles, parts, and engines.

Year over year, US import prices were up 1.3 percent, marking the strongest annual increase since February 2025.

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