U.S. Import Prices Rise 1.1% as Export Prices Climb 2.2% in September

U.S. import and export prices rose in September, with monthly increases of 1.1% and 2.2%, while annual gains for both measures reached their highest levels since the year ended July 2022. Fuel import prices increased 4.8% after falling in July and August, while nonfuel import prices rose 0.7%. Agricultural export prices advanced 2.6%, and nonagricultural export prices increased 2.1%. Those monthly gains were larger than August’s increases of 0.5% for imports and 1.2% for exports. Over the 12 months through September 2026, import prices rose 8.1%, the largest increase since the year ended July 2022. Export prices climbed 11.6% over the same period, their largest 12-month gain since the year ended July 2022.

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