Import prices post their biggest yearly jump since 2022

Notes

1. 1.Bureau of Labor Statistics, U.S. Import and Export Price Indexes, September 2026, USDL-26-1577, embargoed until 8:30 a.m. ET Friday, Oct. 16, 2026. Import prices rose 1.1 percent in September. August was revised to a 0.5 percent increase. The next release, for October, is Tuesday, Nov. 17, 2026, at 8:30 a.m. ET. https://www.bls.gov/news.release/ximpim.nr0.htm
2. 2.Same release. Import prices rose 8.1 percent over the year, the largest 12-month advance since 8.8 percent for the year ended July 2022. Fuel imports rose 4.8 percent in the month and 34.5 percent over the year. Petroleum rose 4.6 percent in the month and 35.4 percent over the year. Import natural gas rose 1.6 percent in the month and 96.5 percent over the year.
3. 3.Same release. Nonfuel import prices rose 0.7 percent in the month and 6.0 percent over the year, the largest 12-month rise since 7.2 percent for the year ended April 2022. They have not declined in a month since August 2025. Foods, feeds, and beverages were unchanged. Nonfuel industrial supplies rose 1.4 percent. Capital goods rose 0.9 percent. Autos rose 0.3 percent. Consumer goods excluding autos rose 0.4 percent. Imports from China rose 0.7 percent, the largest monthly rise since December 2021.
4. 4.Same release. Export prices rose 2.2 percent in September. August was revised to a 1.2 percent increase. Over the year, export prices rose 11.6 percent, the largest 12-month advance since 12.9 percent from July 2021 to July 2022. Agricultural exports rose 2.6 percent in the month, the largest since 2.8 percent in November 2022, led by soybeans, corn, and wheat, and 9.0 percent over the year. Nonagricultural exports rose 2.1 percent in the month and 11.8 percent over the year. Exports to China rose 2.7 percent. The terms of trade with the European Union rose 3.6 percent, the largest one-month advance since monthly percent changes began in January 2018. Some October and November 2025 values are unavailable because of the 2025 lapse in appropriations.
5. 5.This is The File's reading, not the bureau's. Consumer prices for September rose 0.6 percent and wholesale prices rose 1.3 percent, in releases earlier in the week. The import-price release does not mention the Federal Reserve. The next time the Fed could change rates is the Oct. 27–28 meeting.