US import prices rose 1.3 percent in February 2026, the most since March 2022 and more than market expectations of 0.5%. Fuel and lubricant import prices climbed 3.8 percent after falling 1.2 percent in January, led by a 2.5 percent rise in petroleum products and a 24.7 percent jump in natural gas. Nonfuel imports increased 1.1 percent, up from 0.8 percent in January, supported by higher costs for capital goods, nonfuel industrial supplies and materials, consumer goods excluding autos, foods, feeds, beverages, and automotive vehicles, parts, and engines. On an annual basis, US import prices rose 1.3 percent, the largest year-on-year gain since February 2025.