BLS: February US Import Price Index Up 0.4%%, Below Expecta
3/18 10:55 AM
BLS: February US Import Price Index Up 0.4%, Below Expectations
Maria Eugenia Garcia
DTN Energy Editor
HOUSTON, TX (DTN) -- Prices for U.S. imports advanced 0.4% for the second
consecutive month in February, driven by higher fuel and non-fuel prices, the
U.S. Bureau of Labor Statistics (BLS) reported today. This was above market
expectations.
Fuel import prices rose 1.7% in February following increases of 3.5% in
January and 1.2% in December. Higher prices for both petroleum and natural gas
contributed to all three monthly gains, according to the BLS.
Prices for import fuel rose 2.8% for the year ended in February. Petroleum
prices advanced 1.7% in February and were up 2.0% over the past 12 months.
The price index for import natural gas rose 14.0% in February compared to an
11.5% increase reported the previous month, while increasing 49.9%
year-over-year.
The BLS reported that the price index for U.S. exports rose 0.1% in
February, below a 1.3% gain recorded the previous month and a 0.5% gain in
December. U.S. exports also were below the 0.7% increase recorded in the same
month of last year. Higher prices for non-agricultural and agricultural exports
each contributed to the increase in February.
U.S. export prices have not declined on a one-month basis since September
2024, the BLS stated.
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