US Import Prices Rise Moderately in January

U.S. import prices increased slightly less than expected in January as a surge in the cost of fuels was partially offset by decreases in the prices of motor vehicles and consumer goods, offering some hope in the fight against inflation.

Import prices rose 0.3% last month after an upwardly revised 0.2% gain in December, the Labor Department's Bureau of Labor Statistics said on Friday. Economists polled by Reuters had forecast import prices, which exclude tariffs, advancing 0.4% following a previously reported 0.1% rise in December.

In the 12 months through January...

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