U.S. Import Prices Rise for Third Consecutive Month in March
Export Prices for Goods Increase by 0.3% in March Driven by Nonagricultural Goods
By News Desk
Published - Apr 12, 2024, 12:44 PM ET
Prices for U.S. imports increased 0.4 percent in March, marking the third consecutive month of growth, a report has said. The rise, attributed to higher prices for both fuel and nonfuel imports, signifies a steady upward trend in import costs, said a press release from the Bureau of Labor Statistics.
Import Prices Rise Over Q1 2024
U.S. import prices surged by 1.4 percent over the first quarter of 2024, the largest three-month rise since 2022. This increase follows a 0.4 percent rise in March and signals a notable shift in import dynamics.
