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Year-on-year inflation in the United States falls to 8.2% in September

It is one tenth below the interannual rate registered in August. Core inflation, which measures the rise in consumer prices minus food and energy prices, rises to 6.6%.

The inflation of USA has returned to go down in Septemberfor the third consecutive month, and has placed its year-on-year rate at 8.2%, one tenth less than in August, according to data published this Thursday by the Bureau of Labor Statistics (BLS). The interannual data also indicate that the Underlying inflationwhich measures the rise in consumer prices excluding those of food and energy, has risen 6.6%, three tenths more than in August and seven more than July.

Compared to August, consumer prices have risen four tenths, after having grown slightly in that month. For its part, the energy price index stood at 19.8% during the twelve months ending in September, compared to 23.8% in August, and the food price index ended at 11.2 %.

In the monthly comparison, the increase in September has been spurred by the increase in housing, food and medical care prices, although it has been offset by the 4.9% decrease in gasoline.

In this way, inflation continues to be high in the US, despite the increases in interest rates by the Federal Reserve (Fed), which, at its last meeting in September, decided to raise them by 0.75 points, the fifth time since March, confirming the direction started months ago to reduce prices.

In June, inflation reached its highest figure in 40 years, 9.1%, although in July it began to drop to 8.5%. Despite remaining high, the drop in year-on-year inflation in recent months has given a small respite to the US economy, which at the end of July entered what experts consider a technical recession, chaining two quarters of falls in domestic product rough.


Source: Eitb

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