Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

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.

These data are from the International Price program and are not seasonally adjusted. To learn more, see "U.S. Import and Export Price Indexes — December 2022." Also see charts on U.S. import and export prices. Import price data may be revised in each of the 3 months after original publication.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import fuel prices up 19.4 percent from December 2021 to December 2022 at https://www.bls.gov/opub/ted/2023/import-fuel-prices-up-19-4-percent-from-december-2021-to-december-2022.htm (visited January 30, 2023).

OF INTEREST
spotlight

Recent editions of Spotlight on Statistics



triangle