USA: annual inflation fell to 7.7%

inflation United States fell fourth month in a row and now stands at 7.7% year on year, the Bureau of Labor Statistics (BLS) said.

Current statistics show a fall of 4 tenths less than in September. When consumer price indexThe BLS reported an increase of four tenths.

The reports are better than expected by macroeconomic experts and come out a week after the sixth consecutive rise in prices. interest rates carried out Federal Reserve control prices

Let’s remember that interest rate it rose by three-quarters of a point to reach a range of 3.75 and 4%, a similar figure not seen since 2007.

The president Federal Reserve Jerome Powellwarned that possible future rate hikes and their expiration will depend on the dynamics of data such as the consumer price index (CPI).

As noted BLSthe housing index contributed to more than half of the monthly price increase and petrol and food items also increased on a monthly basis.

Thus, the energy index rose by 1.8%, while the food index rose by 0.6%.

On an annual basis, over the past twelve months, the energy index has risen by 17.6%, while food prices have risen by 10.9% over the past year.

Annual data show that core inflation (which measures the rise in consumer prices without taking into account food and energy prices) stood at 6.3% in October.

In June, inflation reached its highest rate in forty years, 9.1%, although in July it fell by six tenths to 8.5% and has been declining slightly since then, at a rate of one to two tenths a month, to the four recorded now. (EFE)