Price inflation in the US decreased noticeably in October. Consumer prices rose 3.2 percent compared to the same month last year, the US Department of Labor announced in Washington on Tuesday. In September the rate was 3.7 percent.
Economists on average had expected a slightly less significant slowdown to 3.3 percent. Prices remained stable month-on-month.
Core inflation fell slightly. It fell from 4.1 to 4.0 percent. Economists had expected interest rates to remain unchanged. The core interest rate receives special attention from the American central bank, the Fed. According to experts, it reflects general price developments better than the overall tariff, because components that are sensitive to fluctuations such as energy and food are excluded.
The figures are important for the Fed’s monetary policy, which recently stopped raising key interest rates further. However, US central bankers have not ruled out further increases.
(yam/sda/awp/dpa)
Soource :Watson
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
