US Import, Export Prices Spike to Highest Levels Since 2022

Prices of Chinese goods imported into the United States rose by the highest percentage since July 2008.

An oil tanker rides through seas outside of Huntington Beach, Calif., on March 21, 2023. John Fredricks/The Epoch Times

Energy costs are continuing to revive inflationary pressures as U.S. import and export prices climbed to their highest levels in four years.

Import prices rose by 1.9 percent in April, the most since March 2022, according to the Bureau of Labor Statistics on May 14. This is up firmly from the 0.9 percent jump in March and the 1 percent increase in February.