FX.co ★ US Import Prices Unexpectedly Rise

In February 2025, U.S. import prices increased by 0.4% over the previous month, maintaining the growth rate observed in January and exceeding the anticipated market forecast of a 0.1% decrease. The prices of imported fuels saw a 1.7% rise in February, after a notable 3.5% increase in January, largely driven by elevated costs for petroleum and natural gas. Furthermore, nonfuel import prices went up by 0.3% in February, following a 0.1% uptick in January. This growth was due to the rising prices of nonfuel industrial supplies, materials, and consumer goods, which counterbalanced the decline in capital goods prices. On an annual basis, import prices in the U.S. climbed by 2.0% in February, following a 1.8% rise in the previous month.