HomeEconomyInflation in the US...

Inflation in the US falls due to falling gasoline prices

Energy prices fell 4.6% last month. | Font: EFE

adUnits.push({
code: ‘Rpp_economia_economia_Nota_Interna1’,
mediaTypes: {
banner: {
sizes: (navigator.userAgent.match(/iPhone|android|iPod/i)) ? [[300, 250], [320, 460], [320, 480], [320, 50], [300, 100], [320, 100]] : [[300, 250], [320, 460], [320, 480], [320, 50], [300, 100], [320, 100], [635, 90]]
}
},
bids: [{
bidder: ‘appnexus’,
params: {
placementId: ‘14149971’
}
},{
bidder: ‘rubicon’,
params: {
accountId: ‘19264’,
siteId: ‘314342’,
zoneId: ‘1604128’
}
},{
bidder: ‘amx’,
params: {
tagId: ‘MTUybWVkaWEuY29t’
}
},{
bidder: ‘oftmedia’,
params: {
placementId: navigator.userAgent.match(/iPhone|android|iPod/i) ? ‘22617692’: ‘22617693’
}
}]
});

US inflation eased to 8.5% in July from 9.1% in June, the Bureau of Labor Statistics (BLS) said.

It’s slowing down inflation It was more than expected. Only analysis of consumer prices shows that they remained stable, while energy prices fell by 4.6%.

The decrease in inflation last month was mainly due to the fall in gasoline prices, as fuel prices fell by 7.7% in July.

However, although petrol while gas has fallen in price, electricity has risen in price.

Similarly, the US Bureau of Labor Statistics indicates that food prices continued to rise, rising 1.1% in one month.

Core inflation, which measures the rise in consumer prices, excluding food and energy prices, which are the most volatile, was 5.9% year on year, with a monthly increase of 0.3.

This slowdown in inflation, which reached its highest level in forty years in June, provides a little respite. American economywhich entered what experts believe was a technical recession in late July, tying a two-quarters drop in gross domestic product (GDP).

Even though the data indicate that they will be in recession due to registering two consecutive quarters of falling GDP, the US government does not believe the country is in this scenario, given the resilience of its economy, especially its labor market, whose unemployment rate recently dropped to 3.5%.

In any case, high inflation This continues to be a major concern for the government, as well as the US Federal Reserve (Fed), which raised interest rates again on July 27, now in the 2.25% to 2.5% range.

(According to Agencia EFE).

Low inflation causes the dollar to fall

Given lower inflationary pressures in USA a strong global decline in the dollar was reported, which benefited the currencies and stock markets of Latin America.

According to Reuters, this decline in inflation cooled the possibility of an aggressive hike in US interest rates, which reduced demand for dollars.

Despite this, Federated Hermes points out that macroeconomic data in the coming weeks will be key for US Federal Reserve decide on the next interest rate hike at the monetary policy meeting in September.

Source: RPP

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

On the DNE in the Atlantic Ocean, the pain of chickens with radioactive departments was observed

The international group of scientists discovered more than a thousand nuclear barrels in the north -east of the Atlantic Ocean. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } According to...

Duda arrived in Ukraine with farewell transportation (photo)

Polish President Andrem Duda arrived in Ukraine on June 28 during a farewell visit. He will celebrate here with the Ukrainian colleague Vladimir Zelensky Day of the Constitution of Ukraine. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...

153 Landing in suts, Russians got into Zaporozhye – that at the front

Russians advanced in the Zaporozhye region in the areas of several settlements. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } In particular, according to Deep Vestate and ISW analysts, this...