U.S. import prices rose 0.7% from July to August 2026, rebounding after declines of 0.3% in each of the previous two months and exceeding economists' 0.4% forecast. Prices increased 7.0% from a year earlier, the largest annual gain since August 2022. Imported capital goods rose 0.9%, while consumer goods excluding automobiles increased 0.5%; fuel prices fell 0.1% and food prices edged up 0.1%. Prices excluding food and fuels rose 0.8%, lifting core imported inflation to 5.6% over 12 months. The data added to concerns that inflation could accelerate and came as markets expected the Federal Reserve to raise interest rates.