United States IPC stopped in April

The United States inflation for the fifth month of the year stopped its growth in order to be 8.3 % at the year-on-year rate

The consumption price index (CPI) of the United States stopped its ascending path in April at 8.3 % at an interannual rate, two tenths less than in the previous month, when it had registered its greatest reading since December 1981, according to the Office of Labor Statistics of the US Department of Labor.

The slight moderation of the prices’ escalation in the American economy, lower than expected by the market, responds to the fact that, although the price of energy rose 30.3 %, against 32 % of March, the March, the Foods took 9.4 % year-on-year, six tenths more than the previous month and its largest rise since April 1981.

In this way, by excluding from calculation the volatility of energy and food, the interannual underlying inflation rate stood last April at 6.2 %, compared to 6.5 % in March.

In monthly terms, in April the CPI advanced 0.3 %, after the 1.2 % rise in March.

Last week, the Federal Open Market Committee (FOMC) of the United States Federal Reserve (FED) decided 1 %, in what was the greatest rise in the price of money since 2000.

Source: dpa

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