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US Import Prices Surge 8.1% in 12 Months to Mark Highest Rise Since July 2022
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News18•16-10-2026, 19:45
US Import Prices Surge 8.1% in 12 Months to Mark Highest Rise Since July 2022
- •US import prices jumped 8.1 per cent in the 12 months ending September 2026, marking the largest annual increase since July 2022 according to the US Bureau of Labor Statistics.
- •Monthly import prices increased 1.1 per cent in September, driven by higher costs across both fuel and non-fuel categories.
- •Fuel import prices surged 34.5 per cent year-on-year, with natural gas recording a massive 96.5 per cent annual increase.
- •Non-fuel import prices rose 0.7 per cent in September and were up 6.0 per cent compared to the previous year, maintaining an upward trend since August 2025.
- •Prices of goods imported from China saw a 0.7 per cent monthly rise, the largest increase since December 2021, while US export prices also grew by 2.2 per cent in September.
Key Questions Answered
Prices of goods imported into the United States rose 8.1 per cent in the 12 months leading up to September 2026. This marks the largest annual increase recorded since July 2022.
Fuel import prices surged by 34.5 per cent on an annual basis between September 2025 and September 2026. Specifically, imported petroleum products rose 35.4 per cent, and natural gas prices jumped 96.5 per cent during the same period.
Alongside the surge in import prices, prices of goods exported by the United States increased by 2.2 per cent in September 2026. This followed a previous rise of 1.2 per cent recorded in August.
