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U.S. Import Prices Surge 1.3% Amid Middle East Conflict

3/25/2026

24 3 Full Breakdown

Summary

Story summary

U.S. import prices rose 1.3% in February, the largest gain in four years, driven by higher energy costs amid Middle East conflict.
Bureau of Labor Statistics (BLS) reported petroleum and natural gas prices contributed to the rise.
Excluding fuel, import costs increased 1.2%.
The ongoing war with Iran has raised oil prices over 30%, affecting food inflation as well.
Economists warn these trends may rekindle inflation, with core prices rising.

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Story summary

U.S. import prices rose 1.3% in February, the largest gain in four years, driven by higher energy costs amid Middle East conflict.
Bureau of Labor Statistics (BLS) reported petroleum and natural gas prices contributed to the rise.
Excluding fuel, import costs increased 1.2%.
The ongoing war with Iran has raised oil prices over 30%, affecting food inflation as well.
Economists warn these trends may rekindle inflation, with core prices rising.