financetom
Economy
financetom
/
Economy
/
US import prices post largest gain in nearly four years in February
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US import prices post largest gain in nearly four years in February
Mar 25, 2026 5:59 AM

WASHINGTON, March 25 (Reuters) - U.S. import prices increased by the most in nearly four years in February as energy costs surged in anticipation of conflict in the Middle East, adding to signs that inflation is poised to accelerate in the months ahead.

Import prices jumped 1.3% last month, the largest increase since March 2022, after an upwardly revised 0.6% gain in January, the Labor Department's Bureau of Labor Statistics said on Wednesday. Economists polled by Reuters had forecast import prices, which exclude tariffs, increasing 0.5% after a previously reported 0.2% rise in January.

In the 12 months through February, import prices advanced 1.3%. That was the largest year-on-year increase since February 2025, and followed a 0.3% increase in January. 

The government last week reported that producer prices increased by the most in seven months in February, driven by broad increases in services and goods.

A survey from S&P Global on Tuesday showed businesses paid more for inputs in March and asked higher prices for their goods and services, blaming soaring energy costs and supply chain disruptions. The U.S.-Israeli war with Iran has boosted oil prices by more than 30% since the conflict started at the end of February. Fertilizer prices have also increased, which will feed through to higher food inflation.

The strain from the war is on top of import tariffs, which businesses continue to gradually pass on to consumers. 

Imported fuel prices rebounded 3.8% last month after dropping 1.2% in January.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ether Surges Toward $3K on Tentative U.S.–China Trade Pact and Soft U.S. CPI Report
Ether Surges Toward $3K on Tentative U.S.–China Trade Pact and Soft U.S. CPI Report
Jun 11, 2025
Ether (ETH) ETH drifted around $2,770 for most of Tuesday until roughly 8 p.m. ET, when officials said negotiators in London had forged a draft U.S.–China trade framework. The outline — till awaiting presidential approval — would see Beijing resume rare-earth exports while Washington eases curbs on advanced-technology sales. At 8:04 a.m. ET on Wednesday, former U.S. president Donald Trump...
US consumer prices rise moderately; tariffs seen fanning inflation
US consumer prices rise moderately; tariffs seen fanning inflation
Jun 11, 2025
WASHINGTON (Reuters) -U.S. consumer prices increased less than expected in May as cheaper gasoline partially offset higher rents, but inflation is expected to accelerate in the coming months on the back of the Trump administration's import tariffs. The report from the Labor Department on Wednesday also showed underlying price pressures muted last month. Economists say inflation has been slow to...
May Consumer Inflation Unexpectedly Cools as Trump Repeats Call for Rate Cuts
May Consumer Inflation Unexpectedly Cools as Trump Repeats Call for Rate Cuts
Jun 11, 2025
10:37 AM EDT, 06/11/2025 (MT Newswires) -- Consumer inflation unexpectedly decelerated last month, weighed down by lower energy prices, US government data showed Wednesday, prompting President Donald Trump to again call on the Federal Reserve to cut interest rates. The consumer price index rose 0.1% in May, according to the Bureau of Labor Statistics. A Bloomberg-polled consensus expected a 0.2%...
Jamie Dimon Warns Of US Economic Dip, Tells Managers To Get Real
Jamie Dimon Warns Of US Economic Dip, Tells Managers To Get Real
Jun 11, 2025
JPMorgan Chase & Co ( JPM ) CEO Jamie Dimon warned that the U.S. may be nearing an economic turning point, warning of possible deterioration in coming months during remarks at a Morgan Stanley conference on Tuesday. Dimon cited risks linked to government spending trends. Dimon said the fading effects of stimulus measures leave the U.S. vulnerable, suggesting that real...
Copyright 2023-2026 - www.financetom.com All Rights Reserved