US Import Prices Rise the Most in 7 Months

Prices of goods imported by the United States jumped by 0.3% from the previous month in August of 2025, extending the revised 0.2% increase from June and contrasting sharply with market expectations of a 0.1% drop. It was the sharpest increase since January, indicating that foreign companies refrained from lowering costs following the tariffs passed by President Trump administration, as the index does not include taxation on goods. Prices for non-fuel imports surged by 0.4% following the stall in the previous month, the most aggressive increase since April of 2024. Meanwhile, prices for fuel imports fell by 0.8% following the 2.5% surge in July. From the previous year, import prices were unchanged.