US import prices in January were lower than expected

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In January, import prices in the USA decreased by 0.5% compared to December, when they dropped by 1%, official data show. The decline had been observed for the past three months, the decrease by 3.1%. According to experts, in January less significant reduction in import prices was expected - by 0.1%. In annual terms, the January drop in import prices by 1.7% has been the most significant since 2016. The main reason for the drop in the indicator is a 3.2% drop in import prices for fuel, in addition, prices for natural gas fell by 44.2%. In annual terms, fuel prices fell by 14.4%. The fall in oil prices amounted to 14.5%, in natural gas - 20.09%. Without fuel, imported goods fell 0.2%.

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