Washington, DC [US], October 16 (ANI): Prices of products imported into the United States rose 8.1 per cent within the 12 months until September 2026, marking the most important annual improve since July 2022, in keeping with information launched by the US Bureau of Labor Statistics (BLS).
US import costs elevated 1.1 per cent in September, following an increase of 0.5 per cent in August. Higher costs for each gasoline and non-fuel imports contributed to the month-to-month improve, the BLS mentioned.
The 8.1 per cent annual rise was the most important 12-month improve since import costs rose 8.8 per cent within the yr ended July 2022.
The information additionally highlighted that the gasoline import costs rose 4.8 per cent in September after declining 0.2 per cent in August and 6.8 per cent in July.
Within the gasoline class, costs of petroleum and petroleum merchandise elevated 4.6 per cent throughout September, whereas pure gasoline import costs rose 1.6 per cent.
On an annual foundation, gasoline import costs elevated 34.5 per cent between September 2025 and September 2026. Prices of imported petroleum and petroleum merchandise rose 35.4 per cent throughout the identical interval.
Natural gasoline recorded a sharper improve, with import costs rising 96.5 per cent over the 12 months to September. This was the most important annual improve in pure gasoline import costs because the index rose 149.5 per cent within the yr ended June 2022.
The information additionally identified that the rise in non-fuel import costs contributed to the general rise. Prices of non-fuel imports elevated 0.7 per cent in September and had been up 6.0 per cent in contrast with September 2025.
According to the BLS, non-fuel import costs haven’t declined on a month-to-month foundation since August 2025.
Alongside larger import costs, costs of products exported by the United States elevated 2.2 per cent in September, following an increase of 1.2 per cent in August.
The information additionally confirmed a rise in costs of products imported from China. Import costs from China rose 0.7 per cent in September, the most important month-to-month improve since December 2021. Over the 12 months to September 2026, costs of imports from China elevated 3.1 per cent.
Prices of imports from Japan rose 0.6 per cent in September and elevated 1.1 per cent year-on-year. Import costs from the European Union rose 0.3 per cent throughout September, whereas costs of imports from Mexico and Canada elevated 0.6 per cent and 1.3 per cent, respectively.
The BLS information confirmed that the rise in US import costs was unfold throughout gasoline and non-fuel classes, whereas export costs additionally recorded vital annual positive aspects. (ANI)