U.S. Import and Export Prices Rise in January 2024
Fuel and Nonfuel Import Prices Contribute to Increase
By News Desk
Published - Feb 15, 2024, 12:22 PM ET
Last Updated - Feb 15, 2024, 12:22 PM EST
U.S. import and export prices increased by 0.8 percent each in January 2024, marking the first monthly rise since September 2023 and the largest since March 2022.
This import price increase, reported by the U.S. Bureau of Labor Statistics, was driven by higher prices for both fuel and nonfuel imports and came after a 0.7 percent decline in December.
The 0.8 percent rise in U.S. export prices also followed a 0.7 percent decline in December, the report said.
