Import Prices Rose 2.0% in January; Export Prices Rose 2.9%

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Import Prices Rose 2.0% in January; Export Prices Rose 2.9%

Washington, DC, February 16, 2022-Prices for U.S. imports advanced 2.0% in January following a 0.4% drop in December, the U.S. Bureau of Labor Statistics reported. 

Higher fuel and nonfuel prices in January contributed to the overall increase in import prices. U.S. export prices rose 2.9% in January, after declining 1.6% in December.