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Nonfuel import prices up 6.9 percent for year ended January 2022

February 23, 2022

Prices for U.S. imports increased 10.8 percent for the year ended in January 2022. Prices for nonfuel imports rose 6.9 percent over the year and 1.4 percent from December 2021 to January 2022. These increases in nonfuel import prices were the largest since data were first published in December 2002.

 Percent change in U.S. import prices, selected nonfuel commodities, January 2022
Industry 12-month percent change 1-month percent change

Nonfuel imports

6.9% 1.4%

Agricultural foods, feeds & beverages, excluding distilled beverages

15.8 4.2

Nonagricultural foods (fish, distilled beverages)

15.7 1.5

Paper & paper base stocks

15.9 1.6

Materials associated with nondurable supplies & materials

32.5 2.3

Selected building materials

15.3 14.8

Unfinished metals related to durable goods

18.3 1.6

Finished metals related to durable goods

27.3 1.6

Nonmetals related to durable goods

9.5 1.3

Electric generating equipment

2.9 1.3

Nonelectrical machinery

3.0 0.7

Transportation equipment excluding motor vehicles

3.6 2.0

Automotive vehicles, parts & engines

2.3 0.1

Nondurables, manufactured

1.2 0.3

Durables, manufactured

4.1 0.7

Nonmanufactured consumer goods

10.2 2.8

For the year ended January 2022, import prices for materials associated with nondurable supplies and materials rose 32.5 percent, while prices for finished metals related to durable goods increased 27.3 percent.

Import prices for nonelectrical machinery rose 3.0 percent for the 12 months ended January 2022. Prices for automotive vehicles, parts, and engines increased 2.3 percent, and agricultural foods, feeds, and beverages prices increased 15.8 percent.

These data are from the International Price program. Import price changes may be revised in each of the 3 months after original publication. To learn more, see “U.S. Import and Export Prices — January 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, Nonfuel import prices up 6.9 percent for year ended January 2022 at https://www.bls.gov/opub/ted/2022/nonfuel-import-prices-up-6-9-percent-for-year-ended-january-2022.htm (visited September 26, 2022).

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