US import prices fell 1.6 percent from a month earlier in November of 2018, following a 0.5 percent gain in October and compared with market expectations of a 0.9 percent decrease. It was the largest decline in import prices since August 2015. Import fuel prices dropped 11.0 percent, after rising 3.2 percent in October, the decrease was the largest since January 2016, mainly due to cost of petroleum (-12.1 percent from 2.7 percent). Also, prices for non-fuel imports went down 0.3 percent, after ticking up 0.1 percent in the prior month. Lower foods, feeds, and beverages prices were the largest factor for the November decrease in non-fuel prices, although prices for non-fuel industrial supplies and materials and capital goods also dropped. Year-on-year, import prices went up percent 0.7 percent. Import Prices in the United States averaged 108.59 Index Points from 1982 until 2018, reaching an all time high of 147.50 Index Points in July of 2008 and a record low of 75 Index Points in March of 1986.