September 20, 2021

Taylor Daily Press

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US Inflation Cooling - Finance

US Inflation Cooling – Finance

Consumer prices in the United States rose 5.3 percent in August from a year earlier and 0.3 percent compared to July. This was announced by the US Department of Labor on Tuesday. So inflation is lower than expected, which was taken positively by the stock markets.

If the volatile prices of food and energy – the so-called core inflation – are not taken into account, the price level in August was 0.1 per cent higher than the previous month. The Ministry of Labor confirms that there are signs that inflation is ‘cold’.

There was a 0.5 percent increase in July.

But the annual inflation rate of 5.3 percent is the highest in about 13 years. Energy in particular, which has quadrupled in price in a year, is raising the price level.

The US Federal Reserve is closely monitoring inflation figures and can intervene by tightening monetary policy if necessary. Earlier, the central bank said the current rise in inflation would be temporary.

If the volatile prices of food and energy – the so-called core inflation – are not taken into account, the price level in August was 0.1 per cent higher than the previous month. The Ministry of Labor confirms that there are signs that inflation is ‘cold’. There was a 0.5 percent increase in July. But the annual inflation rate of 5.3 percent is the highest in about 13 years. Energy in particular, which has quadrupled in price in a year, is raising the price level. The US Federal Reserve is closely monitoring inflation figures and can intervene by tightening monetary policy if necessary. Earlier, the central bank said the current rise in inflation would be temporary.

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