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After a noticeable decrease in the previous months, this rate was at 3.2 percent in the previous month. The latest development was mainly due to significantly increased gasoline prices. However, there was a slowdown in inflation, excluding energy and food prices.
Core inflation fell from 4.7 percent to 4.3 percent. This rate is given particular importance by the US central bank, the Fed. According to experts, it reflects the general price trend better than the general rate because components sensitive to fluctuation are excluded.
Inflation data is in particular focus right now because it is of great importance to the Federal Reserve’s monetary policy. Monetary authorities will make their next interest rate decision next week. No further tightening is currently expected after the Fed sharply increased key interest rates by more than five percent since March 2022. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
