Year-on-year inflation in the US remains low

During the month of November, year-on-year inflation in the US maintained its downward trend, settling at 7.1 %

The year-on-year inflation rate in the United States maintained its downward trend during the month of November, settling at 7.1 %.

The data published by the Bureau of Labor Statistics (BLS) place inflation for November six tenths below that of October, and in the midst of expectations of a new increase in interest rates due to the Federal Reserve.

Regarding “core inflation, which excludes food prices, it stood at 6 % in its year-on-year rate.” According to the BLS, housing sector spending rose 0.6%, energy stood at 1.6 %, and food prices half a point in the month.

On the other hand, there was a slowdown in the increase in the price of energy, which currently stands at 13.1 %. The cost of gasoline, which is affecting consumers considerably, is now 10.1 % more expensive than in November 2021.

On a new increase in interest rates, Jerome Powell hinted on November 30 that the next increase will be 0.5 points instead of 0.75 as those that have been approved in recent months.

M.Pino

Fuente: lanacionweb

(Photo: semana.com. via web)

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