The inflation rate in the United States stood at 8.2% last September, barely one tenth below the rise in prices in August, thus chaining three months of moderation, as can be seen from the data released this Thursday by the Bureau of Labor Statistics of the country’s Department of Labor, which show a lower-than-expected slowdown in inflation.
The rise in the cost of energy moderated in September to 19.8% year-on-year, compared to the rise of 23.8% registered in August. In turn, food prices increased by 11.2% annually, two tenths less than in the previous month.
Thus, core inflation in the United States, which is the result of excluding food and energy prices from the calculation, stood at 6.6% in September, compared to 6.3% in August.
The intensity of inflation and the strength that the US labor market still shows, which in September generated 263,000 new non-agricultural jobs, the weakest figure since April 2021, but which allowed the unemployment rate to be reduced to 3.5% from the 3.7%, leave the Federal Reserve free to go ahead with the normalization of its monetary policy.
At its September meeting, the Fed decided to raise interest rates by 75 basis points, to a target range of between 3% and 3.25%, raising the price of money to the highest since January 2008.
Source: Europa Press
