Import Prices See Largest Monthly Jump Since March as Inflation Concerns Grow
- Import prices rose 0.8% in January, the largest monthly gain since March 2022
- Increase was driven by higher costs for petroleum, food, and other goods
- If sustained, could add to inflationary pressures
- Prices of imported capital goods and motor vehicles also rose
- Export prices rebounded 0.8% in January after dropping in December
