US import prices unexpectedly soar in August

16/09/2025 Argaam
US import prices advanced in August, driven by higher non-oil import prices amid lower imported natural gas and oil prices.
 
The US Bureau of Labor Statistics reported on Tuesday that US import prices rose 0.3% in August, following a 0.2% hike in July. This was contrary to expectations of a 0.2% month-on-month (MoM) decline, with prices unchanged from a year earlier.
 
Import fuel prices—oil and gas—fell 0.8% MoM in August, after climbing by 2.5% in July and 0.6% in June. This was due to a 0.2% and 13.2% pullback in imported oil and natural gas prices, respectively.
 
In August, non-oil import prices ticked 0.4% higher on a monthly basis, after remaining flat in July. This represented the largest monthly increase since the index rose 0.6% in April 2024.
 
Similarly, US export prices rose 0.3% MoM last month, boosting the annual increase to 3.4% during the 12 months ended in August. This is the largest pace since the index jumped 4.6% in the year ended in December 2022.

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