2026.01.1513:48:51UTC+00US Import Prices Edge Higher Year-on-Year in November

According to delayed data from the Bureau of Labor Statistics, U.S. import prices experienced a 0.1% increase year-over-year in November 2025. The figures for October remain unavailable due to the government shutdown that occurred last fall. Over a 12-month period, nonfuel import prices have risen by 0.7%, with significant contributions from higher costs of nonfuel industrial supplies, materials, and capital goods, which more than compensated for the decreases observed in automotive vehicles, foods, feeds, beverages, and consumer goods. Conversely, fuel import prices saw a substantial drop of 6.6%, marking the largest yearly decrease since August 2025. This was primarily due to an 8.4% decline in petroleum prices, even though natural gas import prices surged by 51.4%. Over the two months leading up to November, import prices increased by 0.4%, driven by a 0.6% rise in nonfuel import prices, which was sufficient to offset a notable 2.5% reduction in fuel prices.