Economic Buzz: US trade prices continue to rise in March
US import prices went up by 0.8% in March. This is the third month in a row they have increased, after rising 0.9% in February and 0.6% in January. Over the past year up to March, import prices rose 2.1%, which is the highest yearly increase since December 2024, when prices had gone up 2.2%.
US export prices also rose, increasing by 1.6% in March as both agricultural and non-agricultural goods became more expensive. Over the 12 months ending 31 March, export prices climbed 5.6%, the biggest yearly rise since November 2022, when they had increased 6.1%.
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