Washington, July 20 -- The US saw an unexpected 0.3 per cent jump in import prices in June on the back of nonfuel imports, as per a statement by the US Bureau of Labor Statistics.

This price surge follows a price increase of 1.7 per cent in May and 2.1 per cent in April. On a year-on-year basis, import prices climbed 7.1 per cent in June 2026, marking the largest annual increase since a 7.7 per cent rise in August 2022, as per the release. "US import prices advanced 7.1 per cent from June 2025 to June 2026, the largest over-the-year increase since the index rose 7.7 per cent in August 2022," it said.

It noted nonfuel import prices surged 4.2 per cent from June 2025 to June 2026, which is the largest 12-month increase since the index ros...