Import Prices in April 2025

Import prices in April rose slightly driven by higher costs for nonfuel goods despite a decline in fuel prices. The Trump administration's tariffs have not significantly deterred U.S. purchases of foreign-made goods. Nonfuel goods prices rose 0.4% in April and 1.2% from a year earlier.

Global Fuel Prices Surge Amid Trade Route Disruptions and Refinery Closures

Global fuel prices are on the rise due to disruptions on major trade routes, refinery closures, and resurgent demand, making forecasts difficult ahead of the US presidential election where inflation will be a key issue.