US Import Prices Rise More Than Expected in August
US import prices rebounded 0.7 percent in August driven by higher costs for capital and consumer goods. The annual increase reached 7.0 percent, marking the largest gain since August 2022 and pointing to persistent inflationary pressures.
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United States import prices rose 0.7% in August, beating economist forecasts as solid capital and consumer goods demand drove costs higher. The rebound followed two consecutive months of 0.3% declines reported by the Labor Department's Bureau of Labor Statistics on Wednesday. The stronger inflation pressures arrive as the Federal Reserve weighs interest rate decisions amid ongoing geopolitical supply shocks.
