US Import Prices Surge on China Trade, Inflation Woes Deepen The latest data from the Bureau of Labor Statistics shows that import prices in the United States rose by 0. 3% in June, driven primarily by a 0.
9% surge in goods imported from China. This is the largest monthly jump since January 2008 and contradicts economists' expectations of a 0. 8% decline.
The increase in import prices is part of a broader trend of rising costs across the US economy. Consumer prices have increased by 3. 5% over the past year, while wholesale costs are up 5. 5%.