Import prices in the US went down 0.5 percent month-over-month in January of 2019, following a 1 percent decline in December and compared to market expectations of a 0.1 percent decrease. Cost of fuel imports went down 3.2 percent in January and 22.5 percent over the past 3 months, the largest drop over a 3-month period since the index fell 29.2 percent for the 3 months ended in February 2016. The January drop was primarily driven by a 44.2 percent fall in natural gas prices and a 0.1 percent decline in petroleum prices. Also, prices for non-fuel imports edged down 0.2 percent, led by nonfuel industrial supplies and materials (-0.7 percent); consumer goods (-0.3 percent); automotive vehicles (-0.2 percent); and foods, feeds, and beverages (-0.3 percent) which more than offset higher cost for capital goods (0.1 percent). Year-on-year, import prices went down 1.7 percent, the largest annual fall in nearly 2-1/2 years. Import Prices in the United States averaged 108.68 Index Points from 1982 until 2019, 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.