Prices for US imports dropped 0.1 percent from a month earlier in February 2023, following a revised 0.4 percent decrease in the previous month and compared with market expectations of a 0.2 percent decline. It was the eighth consecutive month of decline in import prices, led by a decrease in fuel costs (-4.9 percent, the same as in January). Within fuel, natural gas prices slumped 55.6 percent in February, following a 10.3 percent gain in January. By contrast, the price index for nonfuel imports rose 0.4 percent in February after advancing 0.2 percent in January, boosted by increases in the cost of consumer goods, foods, feeds, and beverages; capital goods; and automotive vehicles. Yearly, import prices declined 1.1 percent in February, the first 12-month decrease since December 2020. source: U.S. Bureau of Labor Statistics
Import Prices MoM in the United States averaged 0.12 percent from 1989 until 2023, reaching an all time high of 3.40 percent in September of 1990 and a record low of -7.40 percent in November of 2008. This page includes a chart with historical data for the United States Import Prices MoM. United States Import Prices MoM - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.