Inflation in the United States rises 1.8%
During the month of July this indicator was located about two tenths above what was recorded in the month of June
The US annual inflation rate stood at 1.8% last July, two tenths over the reading of 1,6 % registered the previous month, thus approaching the 2% stability objective of the Federal Reserve, which last July 31st to cut interest rates in a quarter point to a target range of between 2% and 2.25%, its first decline since 2008, and with the expectations of a new cut in September.
By excluding the evolution of energy and fresh food prices from the calculation, the underlying inflation rate stood at 2.2% in July, one tenth above the June figure.
The price of food increased 1.8% year-on-year in July, while energy fell by 2%.
Compared with the previous month, prices rose 0.3% in July, after two consecutive months rising 0.1%, the Labor Department reported.
The main factor that explains this monthly rise in prices in the US resides in the price of gasoline, which subindex registered a 2.5% rebound in July, after falling 3.6% in June.
K. Tovar
Source: Eleconomista
