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Import fuel prices up 19.4 percent from December 2021 to December 2022
January 19, 2023
U.S. import prices increased 3.5 percent over the 12 months from December 2021 to December 2022. Overall import prices increased 10.3 percent from December 2020 to December 2021. Import fuels and lubricants prices increased 19.4 percent from December 2021 to December 2022, as prices increased for both petroleum and natural gas over this period. Over the 12 months from December 2020 to December 2021, prices for imported fuels and lubricants prices increased 60.9 percent.
12-month percent change in U.S. import prices, selected categories, December, 2018 to 2022
12 months ending
All commodities
Foods, feeds, & beverages
Fuels & lubricants
Automotive vehicles, parts & engines
Consumer goods, excluding automotives
Dec 2018
-0.9%
-0.4%
-13.1%
0.3%
0.7%
Dec 2019
0.5
-1.4
18.6
-0.7
-0.6
Dec 2020
-0.3
-0.8
-20.1
1.1
0.2
Dec 2021
10.3
13.7
60.9
2.6
2.2
Dec 2022
3.5
4.0
19.4
3.1
0.4
Import foods, feeds, and beverages prices rose 4.0 percent over the year ended December 2022, compared with a 13.7 percent increase over the 12 months ended December 2021.
Prices for import automotive vehicles, parts, and engines increased 3.1 percent over the 12 months ended December 2022. Prices for consumer goods, excluding automotives, increased 0.4 percent.
United States Department of Labor
