U.S. import prices increase 0.3% in January; export prices advance 1.3%

Prices for U.S. imports increased 0.3 percent in January, after rising 0.2 percent in December. U.S. export prices rose 1.3 percent in January following a 0.5-percent increase the previous month. Over the past year, import prices increased 1.9 percent and export prices rose 2.7 percent.