The price of goods imported to the United States rose 1.5% in January, the Labor Department said Tuesday.
The increase followed a revised 1.2% gain in December that was slightly higher than originally reported.
Economists had forecast a 0.8% increase, Bloomberg reported.
Petroleum prices jumped 3.4% in January. Excluding food and fuel, import prices rose 0.6%, while excluding all fuels, prices gained 0.8%.
U.S. export prices rose 1.2% following a revised 0.6% gain in December, Labor said.
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