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U.S. import prices up 12.5 percent for the year ended in March 2022

April 21, 2022

U.S. import prices increased 12.5 percent for the year ended in March 2022, the largest 12-month increase since a 12.7-percent rise in September 2011.

U.S. import price indexes for selected categories, 12-month percent change
Month All imports Fuel imports Nonfuel imports Foods, feeds, and beverages Industrial supplies and materials Capital goods Automotive vehicles, parts and engines Consumer goods, excluding automotives

Mar 2012

3.5% 7.9% 2.0% -0.3% 6.1% 1.0% 3.0% 2.8%

Apr 2012

0.8 -0.5 1.3 -2.6 0.1 0.9 2.4 2.3

May 2012

-0.8 -5.5 0.9 -2.7 -3.5 0.6 1.4 2.1

Jun 2012

-2.5 -11.5 0.6 -1.7 -7.7 0.5 1.0 1.7

Jul 2012

-3.3 -13.4 0.0 -3.3 -9.7 0.5 1.3 1.3

Aug 2012

-1.8 -6.1 -0.4 -3.0 -5.4 0.3 1.2 0.8

Sep 2012

-0.6 -1.5 -0.4 -1.8 -2.6 0.5 1.4 0.7

Oct 2012

0.0 -0.8 0.1 -1.2 -1.2 0.6 1.6 0.6

Nov 2012

-1.4 -6.2 0.2 -2.1 -4.4 0.4 1.5 0.4

Dec 2012

-2.0 -7.9 0.0 -1.9 -5.4 0.1 1.7 -0.1

Jan 2013

-1.5 -6.0 0.0 -4.3 -3.8 -0.3 1.5 0.3

Feb 2013

-0.6 -2.5 0.1 -0.3 -1.9 -0.4 1.4 0.3

Mar 2013

-2.1 -6.6 -0.4 -0.4 -5.3 -0.5 1.1 0.1

Apr 2013

-2.7 -8.1 -0.7 -0.7 -6.6 -0.6 0.0 0.3

May 2013

-1.8 -4.3 -1.1 0.6 -4.6 -0.6 -0.2 -0.1

Jun 2013

0.1 3.8 -1.0 0.2 0.7 -0.6 -0.3 0.0

Jul 2013

0.9 7.7 -1.0 1.9 3.0 -0.8 -0.8 -0.1

Aug 2013

0.0 4.1 -1.0 2.7 0.6 -0.8 -1.0 0.1

Sep 2013

-0.7 1.2 -1.2 1.9 -1.0 -1.1 -1.2 0.0

Oct 2013

-1.6 -2.2 -1.3 2.6 -3.4 -1.0 -1.4 -0.5

Nov 2013

-1.8 -4.1 -1.2 3.2 -4.4 -0.6 -1.4 -0.3

Dec 2013

-1.1 -1.2 -1.2 4.0 -2.8 -0.8 -1.4 -0.4

Jan 2014

-1.3 -2.2 -1.1 4.9 -3.5 -0.8 -1.6 0.2

Feb 2014

-1.1 -0.1 -1.2 2.9 -2.2 -0.9 -1.7 0.2

Mar 2014

-0.5 1.0 -0.7 4.8 -1.1 -0.8 -1.5 0.4

Apr 2014

-0.4 0.8 -0.6 4.4 -0.9 -0.6 -1.0 0.3

May 2014

0.5 3.8 -0.2 3.1 1.4 -0.2 -0.7 0.7

Jun 2014

1.2 6.2 0.0 2.6 3.0 0.0 -0.5 0.7

Jul 2014

0.9 2.9 0.5 3.1 2.0 0.0 -0.8 0.8

Aug 2014

-0.3 -3.5 0.7 3.5 -1.7 0.0 -0.6 0.8

Sep 2014

-1.4 -7.9 0.4 3.0 -4.7 0.0 -0.7 0.9

Oct 2014

-2.1 -11.2 0.3 3.4 -6.9 -0.1 -0.7 0.7

Nov 2014

-3.1 -15.9 0.0 3.4 -9.8 -0.4 -0.7 0.6

Dec 2014

-5.6 -29.1 0.0 3.5 -17.7 -0.4 -0.6 0.7

Jan 2015

-8.9 -43.8 -0.9 1.1 -26.7 -0.8 -1.2 -0.5

Feb 2015

-10.2 -47.9 -1.1 1.9 -30.3 -0.9 -1.5 -0.3

Mar 2015

-10.8 -47.7 -1.8 -2.3 -31.0 -1.0 -1.7 -0.6

Apr 2015

-10.5 -45.3 -2.2 -2.4 -29.7 -1.2 -1.9 -0.8

May 2015

-9.7 -40.1 -2.2 -1.6 -26.8 -1.6 -1.9 -0.8

Jun 2015

-9.9 -40.1 -2.3 -0.6 -27.0 -1.8 -2.0 -0.9

Jul 2015

-10.5 -42.9 -2.6 -1.8 -28.9 -2.2 -1.3 -1.0

Aug 2015

-11.4 -48.2 -2.9 -2.2 -32.3 -2.2 -1.5 -1.1

Sep 2015

-11.6 -50.8 -3.0 -3.0 -33.6 -2.2 -1.4 -1.0

Oct 2015

-10.7 -47.4 -3.2 -5.0 -31.1 -2.3 -1.7 -0.8

Nov 2015

-9.5 -44.3 -3.2 -4.6 -28.6 -2.4 -1.8 -0.7

Dec 2015

-8.3 -41.0 -3.4 -5.3 -25.7 -2.5 -1.9 -0.6

Jan 2016

-6.5 -37.7 -2.9 -2.9 -22.2 -2.4 -1.4 -0.2

Feb 2016

-6.6 -40.8 -2.8 -4.6 -22.9 -2.2 -1.2 -0.2

Mar 2016

-6.1 -36.7 -2.5 -4.3 -20.5 -2.2 -1.0 -0.3

Apr 2016

-5.3 -31.7 -2.0 -2.1 -17.9 -2.1 -0.8 -0.5

May 2016

-5.2 -30.6 -1.8 -1.9 -17.4 -2.0 -0.5 -0.3

Jun 2016

-4.7 -24.5 -1.8 -1.8 -15.0 -2.1 -0.5 -0.5

Jul 2016

-3.7 -21.3 -1.2 1.3 -11.8 -1.9 -0.7 -0.4

Aug 2016

-2.2 -12.9 -0.9 2.3 -6.4 -1.8 -0.7 -0.5

Sep 2016

-1.1 -3.7 -0.6 3.5 -2.2 -1.5 -0.5 -0.6

Oct 2016

-0.2 3.1 -0.3 3.9 0.6 -1.4 0.0 -0.3

Nov 2016

0.2 6.1 -0.2 5.6 2.4 -1.4 0.1 -0.6

Dec 2016

1.9 24.7 0.2 4.0 10.4 -1.2 0.0 -0.7

Jan 2017

3.8 56.9 0.2 1.8 21.1 -1.1 -0.1 -0.4

Feb 2017

4.7 68.9 0.6 4.2 25.1 -0.9 0.0 -0.5

Mar 2017

4.1 50.9 0.9 4.4 20.9 -0.8 -0.1 -0.3

Apr 2017

3.6 36.9 1.0 3.4 17.3 -0.6 0.3 0.1

May 2017

2.3 20.4 0.9 4.0 10.7 -0.4 0.0 -0.2

Jun 2017

1.4 5.1 1.1 5.7 5.4 0.0 -0.2 0.0

Jul 2017

1.2 6.3 0.7 2.4 4.5 0.2 -0.3 0.1

Aug 2017

2.0 14.4 1.0 1.2 8.0 0.3 -0.1 0.4

Sep 2017

2.7 19.4 1.3 2.5 11.4 0.3 -0.1 0.3

Oct 2017

2.4 12.4 1.4 2.8 9.7 0.6 -0.4 -0.1

Nov 2017

3.5 24.8 1.5 0.3 15.1 0.7 -0.5 0.2

Dec 2017

3.2 21.8 1.3 0.9 13.6 0.7 -0.3 0.2

Jan 2018

3.4 18.5 1.9 3.0 13.1 0.8 0.5 -0.1

Feb 2018

3.3 16.0 2.0 3.5 11.7 1.0 0.6 0.2

Mar 2018

3.3 16.4 1.9 2.7 11.4 1.1 0.5 0.4

Apr 2018

3.5 21.5 1.7 2.1 13.2 1.1 0.0 0.4

May 2018

4.5 30.1 1.8 1.5 17.4 0.9 -0.1 0.7

Jun 2018

4.7 38.5 1.5 -2.3 20.6 0.4 0.0 0.4

Jul 2018

4.8 41.0 1.4 -3.6 21.1 0.3 0.3 0.7

Aug 2018

3.8 32.7 0.9 -3.3 16.9 0.1 0.2 0.5

Sep 2018

3.1 25.6 0.6 -3.1 12.9 0.0 0.2 0.6

Oct 2018

3.4 29.3 0.6 -0.8 13.9 -0.1 0.2 0.5

Nov 2018

0.7 3.5 0.4 -1.4 2.8 -0.1 0.2 0.5

Dec 2018

-0.9 -13.1 0.6 -0.4 -4.4 -0.2 0.3 0.7

Jan 2019

-1.5 -12.0 -0.2 -1.5 -5.4 -0.2 -0.5 0.3

Feb 2019

-0.7 -1.2 -0.5 -2.6 -1.1 -0.6 -0.6 0.1

Mar 2019

0.1 8.7 -0.8 -2.0 2.6 -0.9 -0.5 -0.2

Apr 2019

-0.2 6.5 -0.9 1.0 1.2 -1.3 -0.7 -0.5

May 2019

-0.9 3.9 -1.4 -0.2 -0.8 -1.2 -0.6 -0.7

Jun 2019

-2.0 -6.6 -1.4 1.1 -5.9 -1.2 -0.5 -0.5

Jul 2019

-2.0 -7.2 -1.2 2.2 -5.5 -1.3 -0.6 -0.6

Aug 2019

-2.1 -9.2 -1.1 1.1 -6.0 -1.3 -0.6 -0.5

Sep 2019

-2.1 -8.3 -1.2 -1.6 -5.0 -1.6 -0.8 -0.5

Oct 2019

-3.0 -12.7 -1.5 -3.7 -7.4 -1.8 -0.8 -0.5

Nov 2019

-1.2 1.6 -1.4 -2.5 -0.8 -2.0 -0.6 -0.6

Dec 2019

0.5 18.6 -1.4 -1.4 5.8 -1.8 -0.7 -0.6

Jan 2020

0.5 13.2 -0.9 -0.6 4.4 -1.7 0.0 -0.3

Feb 2020

-1.3 -6.6 -0.8 0.6 -3.1 -1.6 0.1 -0.6

Mar 2020

-4.2 -36.0 -0.6 -0.1 -15.7 -1.2 0.4 -0.6

Apr 2020

-6.8 -56.6 -1.0 -4.3 -26.5 -0.6 0.9 -0.5

May 2020

-6.3 -52.3 -0.7 -1.9 -25.0 -0.5 0.8 -0.4

Jun 2020

-4.0 -37.5 -0.2 -0.7 -16.6 -0.1 0.7 -0.2

Jul 2020

-2.8 -28.2 0.0 -1.2 -12.0 0.0 0.8 -0.2

Aug 2020

-1.4 -22.3 0.8 -0.1 -7.1 0.2 0.9 0.0

Sep 2020

-1.3 -26.7 1.4 1.8 -7.6 0.6 1.3 0.0

Oct 2020

-1.0 -26.2 1.6 2.0 -6.8 0.8 1.3 0.1

Nov 2020

-1.0 -24.6 1.6 0.2 -6.4 1.1 1.1 0.2

Dec 2020

-0.3 -20.1 1.9 -0.8 -3.2 1.0 1.1 0.2

Jan 2021

1.0 -12.8 2.6 0.4 2.3 1.1 1.1 0.2

Feb 2021

3.0 6.4 2.8 0.6 10.8 1.1 1.2 0.2

Mar 2021

7.1 56.4 3.8 3.8 30.5 1.3 1.1 0.6

Apr 2021

10.9 130.7 5.2 8.0 52.4 1.3 0.9 0.8

May 2021

11.6 113.1 6.1 5.9 55.2 1.2 1.2 1.0

Jun 2021

11.3 85.3 6.5 8.2 49.3 1.5 1.4 1.1

Jul 2021

10.2 65.6 6.3 9.9 41.5 1.8 1.9 1.1

Aug 2021

9.0 56.1 5.6 9.9 34.5 1.9 2.1 1.1

Sep 2021

9.3 69.8 5.1 10.2 35.8 1.8 1.9 1.4

Oct 2021

11.0 90.6 5.6 11.2 42.9 2.0 2.3 1.6

Nov 2021

11.8 87.0 6.4 13.6 44.2 2.3 2.6 1.9

Dec 2021

10.3 60.9 6.4 13.7 35.6 2.5 2.6 2.2

Jan 2022

10.8 58.4 7.0 15.4 34.1 3.0 3.0 2.6

Feb 2022

11.3 57.1 7.3 15.7 34.4 3.3 3.1 2.9

Mar 2022

12.5 66.7 7.5 13.4 37.7 3.4 3.0 3.0

Import fuel prices rose 66.7 percent from March 2021 to March 2022. Prices for petroleum and natural gas advanced 66.5 percent and 79.7 percent, respectively, over the same period.

Prices for nonfuel imports rose 7.5 percent for the year ended in March, the largest over-the-year advance since 12-month percent changes were first published in December 2002. Nonfuel prices have not recorded a 12-month decline since June 2020.

Prices for import foods, feeds, and beverages were up 13.4 percent over the year ended March 2022. Prices for industrial supplies and materials were up 37.7 percent over the year. Prices for consumer goods, excluding automotives were up 3.0 percent over the year.

These data are from the International Price program. Import prices are subject to revision. To learn more, see "U.S. Import and Export Prices — March 2022." See more charts on import and export price trends in Charts related to the latest "U.S. Import and Export Price Indexes" news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, U.S. import prices up 12.5 percent for the year ended in March 2022 at https://www.bls.gov/opub/ted/2022/u-s-import-prices-up-12-5-percent-for-the-year-ended-in-march-2022.htm (visited November 28, 2022).