US Import Prices Rise at Fastest Pace Since March 2022

U.S. export prices also accelerated at the fastest pace in four years.

Beachgoers enjoy the ocean in view of oil shipment and production vessels in Huntington Beach, Calif., on Sept. 12, 2024. John Fredricks/The Epoch Times

The cost of goods arriving at U.S. ports last month increased at the fastest pace in four years, new Bureau of Labor Statistics data released on March 25 show.

February’s import prices rose by 1.3 percent—the largest increase since March 2022—following an upwardly revised 0.6 percent jump in January.